Bitcoin and altcoins had a positive start in 2023, but their performance suffered in 2022, leading many investors to experience losses. However, DeFi (Decentralized Finance) tokens have taken a different trajectory, as highlighted by IntoTheBlock.
According to a post on their Twitter account, IntoTheBlock pointed out that DeFi tokens stand out in terms of investor profit and loss situations compared to other altcoins. Despite market fluctuations, a significant portion of DeFi token holders have managed to maintain their positions, with Maker (MKR) being a notable standout among DeFi tokens.
While many altcoins faced substantial losses, causing over 90% of their holders to experience declines, major DeFi tokens have displayed resilience. When analyzing the profit and loss profiles of DeFi investors over the past year, it’s evident that many are in a similar situation as the previous year. However, specific DeFi tokens have shown a more positive profit/loss profile compared to most other altcoins, albeit with significant volatility affecting profitability.
Among DeFi tokens, Maker (MKR) garners attention for its performance, as it stands out by having fewer investors experiencing losses compared to a year ago. Additionally, Maker has remained a consistently profitable asset for its investors throughout most of the year.
Looking at IntoTheBlock’s data, Compound had the highest percentage of investors facing losses, followed by Ox, Uniswap, and AAVE. On the other hand, Maker occupied the lowest position, with the fewest number of investors suffering losses.
While many altcoins are experiencing unprecedented losses, with over 90% of holders incurring losses, principal DeFi tokens are showing some resilience.
An examination of the profit and loss profiles of holders over the past year reveals that most are in a similar position… pic.twitter.com/miXAX5YdLX
— IntoTheBlock (@intotheblock) August 24, 2023
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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