Market Note: DeFi's Resurgence?

MAR 24, 2023 • 11 Min Read

Priyansh Patel Priyansh Patel
The authors have not purchased or sold any token for which the authors had material non-public infor

The crypto market as a whole generally moves in lockstep, albeit with some occasional outliers. These outliers can be specific assets or, at times, entire sectors. Price action following the COVID crash saw DeFi outperform pretty much every asset. Several 0-1 DeFi innovations helped generate interest and attract additional capital flows. Since then, DeFi has generally not shown any meaningful strength against the rest of the crypto market. That is, until recently. In the past, DeFi has managed to show glimpses of a potential revival on several occasions, only for them to turn into false positives.

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