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DeFi Bubble Appears To Burst As Index Futures Fall Below June Levels

Emily Mason

Summary: Index futures for decentralized finance have continued to fall, erasing all gains from June. On FTX, perpetual futures for the DeFi index have dropped 60% from the September high of $3,500. Binance reports a similar trend with the exchange's DeFi index falling 70% from its August high of $1,190. Analyst at Delphi Digital and former ...

Index futures for decentralized finance have continued to fall, erasing all gains from June.

On FTX, perpetual futures for the DeFi index have dropped 60% from the September high of $3,500. Binance reports a similar trend with the exchange's DeFi index falling 70% from its August high of $1,190.

Analyst at Delphi Digital and former analyst at Barclay’s, Alex Gedevani, told Coindesk that the DeFi market will likely continue to decline before embarking on a gradual recovery. He added that a fresh narrative is necessary to reinvigorate the space.

By Emily Mason

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Link: DeFi Bubble Appears To Burst As Index Futures Fall Below June Levels   [Copy]
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