This weekend’s crypto flash crash helped to bring into focus the recent cooling of decentralized finance, once one of the hottest corners of the digital asset world.
While Bitcoin and other rival coins have mostly steadied or climbed from lows of about 20% seen Saturday, many DeFi tokens tumbled more and have since failed to rebound. The DeFi Pulse Index, which tracks tokens such as Aave, Balancer, Compound, Sushi, Synthetix, Uniswap, Yearn and Badger, dropped as much as 24%.
