A Data Driven Look at (the end of) DeFi's Summer

The last couple weeks in DeFi have been an absolute bloodbath. The median DeFi asset is down more than 40% in the past 30 days.

While the price action could just be the first of many pullbacks in a longer bullish trend, what’s clear for now is there are more sellers than buyers and DeFi’s summer casino could be coming to an end (it’s the start of Fall anyways?).

There are many potential reasons for this selloff ranging from volatility in broader financial markets to investors simply taking profits after a blowout summer. I don’t plan to elaborate on any of those here. Instead let’s zoom out and look at DeFi’s summer in numbers.

DeFi’s Summer

Source: Messari; Data as of Sept. 21, 2020

There are a couple major takeaways from the above table.