Lending, DEX and yield protocols.
Median 7-day return trailed BTC by −11.1 pts and only 0 of 10 assets outperformed BTC.
Calculated from market data by fixed rules. A stage describes observed behavior; it is not a prediction.
Median basket performance over 30 days, normalized to the start (dashed line).
| Asset | 7D | vs BTC | 30D | Volume | Funding/8h |
|---|---|---|---|---|---|
| MORPHO | −5.1% | −1.6 pts | −15.1% | −41.2% | +0.0100% |
| SKY | −7.8% | −4.3 pts | −14.9% | −40.1% | +0.0100% |
| UNI | −10.7% | −7.3 pts | −29.3% | −43.4% | +0.0009% |
| CAKE | −12.0% | −8.5 pts | −26.2% | −6.5% | +0.0100% |
| RAY | −14.3% | −10.8 pts | −22.9% | −56.9% | +0.0078% |
| Asset | 7D | vs BTC | 30D | Volume | Funding/8h |
|---|---|---|---|---|---|
| AAVE | −19.5% | −16.1 pts | −25.6% | −46.1% | +0.0100% |
| PENDLE | −16.5% | −13.0 pts | −25.1% | −42.7% | +0.0100% |
| CRV | −16.4% | −12.9 pts | −21.2% | −61.9% | +0.0100% |
| COMP | −15.4% | −12.0 pts | −16.5% | −14.6% | −0.0012% |
Representative assets used for this narrative’s analysis, not an exhaustive list of every token in the sector. Source: Bitget daily spot candles; funding from Bitget USDT perpetuals.
No contradicting signal in the calculated metrics.
DeFi has entered a FADING lifecycle stage as the narrative has shifted decisively against broader market momentum. The median 7-day return of −14.6% lags BTC by 11.1 percentage points, and critically, 0 of 10 tracked assets outperformed BTC over the period, down from 40% in the prior week. This complete breakdown in relative breadth—combined with a 10.9 point collapse in momentum week over week—signals weakening narrative participation.
AI interpretation of the calculated metrics · it cannot change the classification