TVL(Total Valued Locked) decreased by -5% on 2020.09.09. Is this just going back to the ICO craze days?
Wild ups and downs with no fundamentals?
People should be aware of what assets they are buying before jumping on the band wagon. TVL is very misleading as most locked up assets can be attributed to Yield Farming whales, and the music may stop at any given moment. Take a look at the slow down in growth.
Up and coming DeFi projects are showing a surge in price, but most price movements lack any fundamental narratives.
Source: https://xangle.io/market-watch/feed/5f581f0f17adf44fa2535064
DeFi is here to stay but expect a market correction.