Despite a pull back from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story however.
On Nov. 17, pseudonymous crypto analyst ‘Ceteris Paribus’ shared data with his 12,000 followers compiling the YTD median and average performances of 40 top crypto assets, comprised of 38 top DeFi assets, Bitcoin (BTC) and Ether (ETH). Around 26 of the DeFi assets are currently posting YTD gains.
The analyst found that the median return sits around 148.8%, which is 15.5% above Bitcoin’s 133.3% YTD gain. So half of DeFi tokens are above that level, and half below. Paribus said it was pretty much even:
“Strong rebound in November so far but unlike summer, median token return has matched $BTC, not outperformed.”
However the 2020 average performance of 428.7% is more than triple…