Cryptocurrencies: crisis of confidence around decentralized finance
Falling yields, ruined investors, threatened projects: the brutal collapse of the Terra blockchain is impacting the entire decentralized finance ecosystem, and putting the crypto market under pressure. Romand actors are not spared.
The collapse of the Terra blockchain is causing a real crisis of confidence.
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This article was written by the journalists of “Bilan”. Find the follow-up of the news on Bilan.ch
45 billion valuation disappeared in one week on the Luna token and the stablecoin UST, and nearly 350 billion erased on other crypto values in their wake: two weeks following the earthquake caused by the total collapse of the Terra blockchain, finance decentralized (DeFi) is struggling to recover. For analyst and cryptotrader Audrey Charmant, “what happened is a bit like the black swan of DeFi: the collapse of a player that matters, very high profile, which leads to a real crisis of confidence.”
