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20 January 2021

The average DeFi coin is up 50% sice end of October, outperforming Bitcoin's 38% rally | CryptoSlate

The average DeFi coin is up 50% sice end of October, outperforming Bitcoin's 38% rally | CryptoSlate


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But it is decentralized finance (DeFi) coins that have been strongly outperforming Bitcoin.

For context, Bitcoin is up by 39 percent in that same time span while Ethereum is up 52.8 percent.

The best-performers in the DeFi space are SushiSwap (SUSHI), Aave (AAVE), Yearn.finance (YFI), THORChain (RUNE), and Hegic (HEGIC), in that order.

According to Qiao Wang, a lead at the DeFi Alliance and a former Messari exec, DeFi is strongly outperforming Bitcoin as a result of the lack of liquidity.

With a growing discrepancy between DeFi and Ethereum and Bitcoin, some think that institutions may soon delve into the DeFi space to find ways to make uncorrelated and higher returns than with Bitcoin

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