After an explosive 2021, the recent downturn has left a bitter taste for crypto investors, not least those who went heavy on DeFi.
Since the market peaked in November 2021, investors had pinned their hopes on bulls shaking off the infrequent bearish signs that were presenting.
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Source: https://cryptoslate.com/heres-why-the-crypto-downturn-isnt-the-end-for-defi/