{"id":447490,"date":"2020-10-23T20:00:44","date_gmt":"2020-10-23T20:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=447490"},"modified":"2024-06-11T12:47:23","modified_gmt":"2024-06-11T12:47:23","slug":"while-defi-tokens-dropped-total-value-locked-kept-climbing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/while-defi-tokens-dropped-total-value-locked-kept-climbing\/","title":{"rendered":"While DeFi Tokens Dropped, Total Value Locked Kept Climbing"},"content":{"rendered":"

Since the summer peak of the DeFi explosion, top Ethereum-based tokens<\/a> from the space have dumped considerably due to becoming overvalued too quickly, and Bitcoin suddenly stealing up any flowing capital share.<\/p>\n

But while this happened, the total USD value locked in DeFi applications continued to climb right along as if nothing ever happened. Is this a sign that the decentralized finance space is fundamentally sound, or is this a recipe for disaster waiting to happen?<\/p>\n

Top DeFi Tokens Come Tumbling Down, Total Value Locked Defies Gravity<\/h2>\n

As well as Bitcoin has performed, getting its footing and potentially gearing up for a big bullish breakout, 2020 has been the year of Ethereum and DeFi<\/a>.<\/p>\n

These Ethereum-based ERC20 tokens have stolen the show when it comes to the crypto industry lately. Prices rocketed while the total value locked in DeFi applications<\/a> ballooned. But in the summer months, the sizzle started to slow, and valuations came down.<\/p>\n

Related Reading | DeFi Overtakes Ethereum In The Media, Data Shows<\/a><\/strong><\/em><\/p>\n

Yearn.Finance, Aave, Uniswap<\/a>, and several others nosedived 60% or more from their summer highs, but something interesting has happened along the way.<\/p>\n

While asset valuations came down, more money has been pumped into DeFi applications, according to the continued growth in Total Value Locked.<\/p>\n

\"yfi<\/p>\n

DeFi tokens fell hard, but TVL continued to climb. What does this say about fundamentals? | Source: YFIUSDT on TradingView.com<\/a><\/pre>\n
Timber: TVL Could Come Down Too If Decentralized Finance Coins Can’t Recovery Quickly<\/h2>\n
TVL keeping pace even while valuations come back to reality is a sign that fundamentals are strong in the category, and it could suggest that the correction is healthy and could lead to far higher prices in the future.<\/p>\n
Or it also could suggest that the DeFi trend<\/a> itself hasn’t yet reversed, even though asset uptrends have.<\/p>\n
Related Reading | Trader Warns Of \u201cCapitulation Volume\u201d And \u201cHeavy Downside\u201d Across DeFi<\/a><\/strong><\/em><\/p>\n
Top crypto analysts warn that despite the major drawdown in DeFi tokens, there has yet to be capitulation volume<\/a> in pairs related to Yearn.Finance, Uniswap, and more.<\/p>\n
Either that capitulation volume<\/a> never comes, because prices pick right back up and continue to spike or TVL growing could also be a recipe for disaster.<\/p>\n
If the DeFi TVL starts to come down, and that chart’s parabola breaks, it could \u2013 like any other chart \u2013 see a major correction. Parabolic assets drop as much as 80% when the advance is finally broken<\/a>. Could the same statistic apply to TVL?<\/p>\n
Featured Image From Deposit Photos, Charts From TradingView.com, DeFi Pulse<\/pre>\n","protected":false},"excerpt":{"rendered":"
Since the summer peak of the DeFi explosion, top Ethereum-based tokens from the space have dumped considerably due to becoming overvalued too quickly, and Bitcoin suddenly stealing up any flowing capital share. But while this happened, the total USD value locked in DeFi applications continued to climb right along as if nothing ever happened. Is this a sign that the decentralized finance space is fundamentally sound, or is this a recipe for disaster waiting to happen? Top DeFi Tokens Come Tumbling Down, Total Value Locked Defies Gravity As well as Bitcoin has performed, getting its footing and potentially gearing up for a big bullish breakout, 2020 has been the year of Ethereum and DeFi. These Ethereum-based ERC20 tokens have stolen the show when it comes to the crypto industry lately. Prices rocketed while the total value locked in DeFi applications ballooned. But in the summer months, the sizzle started to slow, and valuations came down. Related Reading | DeFi Overtakes Ethereum In The Media, Data Shows Yearn.Finance, Aave, Uniswap, and several others nosedived 60% or more from their summer highs, but something interesting has happened along the way. While asset valuations came down, more money has been pumped into DeFi applications, according to the continued growth in Total Value Locked. DeFi tokens fell hard, but TVL continued to climb. What does this say about fundamentals? | Source: YFIUSDT on TradingView.com Timber: TVL Could Come Down Too If Decentralized Finance Coins Can’t Recovery Quickly TVL keeping pace even while valuations come back to reality is a sign that fundamentals are strong in the category, and it could suggest that the correction is healthy and could lead to far higher prices in the future. Or it also could suggest that the DeFi trend itself hasn’t yet reversed, even though asset uptrends have. Related Reading | Trader Warns Of \u201cCapitulation Volume\u201d And \u201cHeavy Downside\u201d Across DeFi Top crypto analysts warn that despite the major drawdown in DeFi tokens, there has yet to be capitulation volume in pairs related to Yearn.Finance, Uniswap, and more. Either that capitulation volume never comes, because prices pick right back up and continue to spike or TVL growing could also be a recipe for disaster. If the DeFi TVL starts to come down, and that chart’s parabola breaks, it could \u2013 like any other chart \u2013 see a major correction. Parabolic assets drop as much as 80% when the advance is finally broken. Could the same statistic apply to TVL? Featured Image From Deposit Photos, Charts From TradingView.com, DeFi Pulse<\/p>\n","protected":false},"author":517,"featured_media":447493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[79511,142,16295,6664,54512,8323,4854,1946,8686,79624,16218,79663,79664],"class_list":["post-447490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-aave","tag-altcoins","tag-chainlink","tag-crypto","tag-defi","tag-eth","tag-ether","tag-ethereum","tag-ethusd","tag-lend","tag-maker","tag-yearn-finance","tag-yfi"],"acf":[],"yoast_head":"\nWhile DeFi Tokens Dropped, Total Value Locked Kept Climbing<\/title>\n<meta name=\"description\" content=\"Since the summer peak of the DeFi explosion, top Ethereum-based tokens from the space have dumped considerably due to becoming 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"While DeFi Tokens Dropped, Total Value Locked Kept Climbing","url":"http:\/\/wncen.com\/news\/defi\/while-defi-tokens-dropped-total-value-locked-kept-climbing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/defi\/while-defi-tokens-dropped-total-value-locked-kept-climbing\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/defi-ethereum-total-value-locked-Depositphotos_209927440_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/defi-ethereum-total-value-locked-Depositphotos_209927440_xl-2015-scaled.jpg?fit=2560%2C1422"},"articleSection":"DeFi","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["aave","altcoins","chainlink","crypto","defi","eth","ether","ethereum","ethusd","lend","maker","yearn finance","yfi"],"dateCreated":"2020-10-23T20:00:44Z","datePublished":"2020-10-23T20:00:44Z","dateModified":"2024-06-11T12:47:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"While DeFi Tokens Dropped, Total Value Locked Kept Climbing\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi\\\/while-defi-tokens-dropped-total-value-locked-kept-climbing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi\\\/while-defi-tokens-dropped-total-value-locked-kept-climbing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/defi-ethereum-total-value-locked-Depositphotos_209927440_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/defi-ethereum-total-value-locked-Depositphotos_209927440_xl-2015-scaled.jpg?fit=2560%2C1422\"},\"articleSection\":\"DeFi\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"aave\",\"altcoins\",\"chainlink\",\"crypto\",\"defi\",\"eth\",\"ether\",\"ethereum\",\"ethusd\",\"lend\",\"maker\",\"yearn finance\",\"yfi\"],\"dateCreated\":\"2020-10-23T20:00:44Z\",\"datePublished\":\"2020-10-23T20:00:44Z\",\"dateModified\":\"2024-06-11T12:47:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/defi-ethereum-total-value-locked-Depositphotos_209927440_xl-2015-scaled.jpg?fit=2560%2C1422","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447490"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=447490"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/447493"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=447490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=447490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=447490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}