The start of the new year has brought back bulls for Defi altcoins as some of the top performers on New Year Monday include Uniswap (UNI), AAVE, and Yearn.Finance (YFI) topping the charts with the biggest gains for the day. Santiment data showed that even though a majority of the market remained nearly flat with little to no bullish momentum, Defi altcoins registered a prominent surge up to 13%
Source: Santiment
The last quarter of 2021 was expected to be bullish after a September sell-off, however, apart from October, both November and December ended in red leading to the crypto market falling to levels seen during the July-August phase. The crypto market reached another new all-time high (ATH) in October as the overall crypto market cap climbed above $3 trillion. However, by the end of 2021 crypto market has lost another 30% of its market from October.
Can the Defi market bring the bulls back?
The Defi market is still one of the most sought-after crypto use cases despite a string of
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