BTCC
/
BTCC Square
/
Coindesk
/
Uniswap (UNI) Cuts 6.8% as CoinDesk 20 Stumbles—DeFi’s ’Blue Chips’ Feeling the Squeeze
Uniswap (UNI) Cuts 6.8% as CoinDesk 20 Stumbles—DeFi’s ’Blue Chips’ Feeling the Squeeze
18
3
Another day, another crypto index bleeding out. The CoinDesk 20 took a hit today—with Uniswap’s UNI leading the drop at 6.8%. So much for ’decentralized finance eating Wall Street’s lunch.’
Market jitters or just traders realizing yield farming isn’t actually farming? Either way, the ’smart money’ looks suspiciously like the panicked money this week.
Pro tip: When your portfolio mimics a rollercoaster designed by Kafka, maybe reconsider calling it ’hedged.’
Leaders: XRP (+0.9%) and AVAX (-0.1%).
Laggards: UNI (-6.8%) and APT (-4.6%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
By:
