DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise
CoinTelegraph·
60-second summary
DeFi tokens are quietly re-rating as they outperform Bitcoin, according to Bitwise, which notes that DeFi assets typically swing more dramatically than Bitcoin. This unusual resilience suggests a growing investor confidence in decentralized finance. Market implications are emerging as DeFi's outperformance may signal a shift in investor sentiment towards this sector, potentially boosting its overall value.
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin.