Drastic steps are taken as markets contract
The move comes as the crypto market sank further into depression over the last few days. ETH was down more than 36% in the previous seven days, while BTC declined 28%. At the same time, other assets such as the token of the Bored Ape Yacht Club Metaverse, APECOIN, and DeFi and lending behemoth Aave’s AAVE, are both down more than 43% at writing. On the flip side, many DeFi and exchange dapps have increased their user numbers as investors started to make moves amidst the fire sale.