Despite the pullback of the burgeoning decentralized finance bull market, it is clear that the average return on the DeFi premium is better than Bitcoin and Ethereum. Average performance, however, is a different matter entirely.
On November 17, a cryptanalyst under the pseudonym Ceteris Paribus shared data with his 12,000 subscribers, which accounted for the average annual return of the 40 largest cryptocurrencies, which consists of 38 DeFi assets. Bitcoin (BTC) and Ether (ETH). About 26 DeFi assets are currently showing profits.
The analyst found that the average return is around 148.8%, which is 15.5% higher than Bitcoin’s 133.3% year-to-date gain. Thus, half of DeFi tokens are above this level, and half are below. Paribos said she was beautiful:
“So far, there has been a strong rebound in November, but unlike the summer, the average dividend is in line with BTC, not better.”
However, the average performance in 2020 is 428.7%, more than three times that of Bitcoin.
As of this writing, Defi’s best assets for 2020 are Aave (AAVE) at 4245%, Band (BAND) at 2.466%, and Yearn Finance (YFI) at 1597%. THORChain (RUNE) is the only DeFi token to have quadrupled its number to date, by 1203%.
The worst assets in the sector for the year were Curve (CRV), SushiSwap (SUSHI) and Swerve (SWRV), with losses of 88.7%, 80.1% and 79.9%, respectively.
DeFi assets have caused extreme volatility in recent months, with 10 out of 29 DeFi tokens up more than 1000% in August, with CRV being the only asset to end August in the red.
However, only Gnosis (GNO) and Hegic (HEGIC) were able to record single-digit gains from September to October, while the remaining 34 tokens lost, including five tokens that fell more than 89%.
November has been characterized by relatively modest volatility so far: 32 of 38 icons received an average and average performance of 20% and 35%, respectively.