DeFi “Blue Chips” Aave and Synthetix Surge 15% as Buying Floods In

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Earlier this week, the decentralized finance (DeFi) market was in a state of capitulation. Top coins pertaining to this space were plunging by dozens of percent over the span of a day or two, including “blue chip” names like’s YFI, Synthetix Network Token (SNX), and many others.

From their highs set in the summer to these lows, the average DeFi