DeFi goes boom as top tokens crash by 50% in one week
The markets hardest hit include Curve — which is down 65% this week, followed by Meta with a 58% loss, Ren with 52%, AirSwap with 51%, and bZx Network and Wrapped Nexus Mutual with a 49% draw-down each. The sell-off has erased the gains enjoyed by most DeFi markets during August’s month of record volatility, with more than 60% of the tokens featured in Messari’s DeFi list posting a 30-day loss as of this writing. Curve again leads the monthly losers with a 58% loss, followed by Bancor with 57.8%, Kava with 50%, and Meta with 46%.
Ethereum (ETH) tokens in general have suffered this past week, with only 14 of 178 markets posting a gain — seven of which are stablecoins. Only two Ethereum tokens were able to post double-digit gains this week, with ZB and Origintrail topping the list with roughly 15% each. Less than one-third of Ethereum tokens have retained 30-day gains. The publication of Messari’s findings sparked a variety of responses on Twitter, with user ‘stackthosesats’ replying:
DeFi is going straight into the ground. Just another series of scams. Other traders appear to view the price slump as an opportunity to stockpile discounted tokens, with ‘Ms. Coins’ asserting it is a “great time to scoop up some at those prices.”
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 81.6% | 29 | $62 880.79 | -0.34% | 4.85% | $1 242 317 669 377 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.2% | 43 | $2 543.89 | 3.03% | 4.87% | $306 147 363 657 |  |
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| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000208 | 0% | -0.04% | $119 097 562 039 |  |
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| 4 |  BNB |
Binance Coin predictions | 78.8% | 37 | $567.47 | 0.01% | 2.22% | $82 812 786 289 |  |
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| 5 |  SOL |
Solana predictions | 76.4% | 39 | $146.96 | 2.26% | 6.18% | $68 847 921 811 |  |
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| 6 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000133 | 0.02% | 0% | $35 787 446 042 |  |
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| 7 |  XRP |
XRP predictions | 78% | 36 | $0.585409 | -1.23% | 2.58% | $33 037 282 339 |  |
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| 8 |  DOGE |
Dogecoin predictions | 84% | 30 | $0.105230 | -0.83% | -1.93% | $15 367 655 262 |  |
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| 9 |  TON |
Toncoin predictions | 78.8% | 44 | $5.60 | -2.18% | -3.72% | $14 181 556 392 |  |
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| 10 |  TRX |
TRON predictions | 90% | 8 | $0.151989 | 0.52% | 2.08% | $13 172 859 955 |  |
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| 11 |  ADA |
Cardano predictions | 78% | 41 | $0.351275 | -0.56% | -2.33% | $12 632 078 921 |  |
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| 12 |  AVAX |
Avalanche predictions | 74% | 45 | $27.30 | 2.88% | 10.29% | $11 081 593 423 |  |
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| 13 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 14 |  WTRX |
Wrapped TRON predictions | 95.6% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
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| 15 |  WBTC |
Wrapped Bitcoin predictions | 90.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
