The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in the market capitalization of DeFi assets during yesterday (October 7) alone. In a blog post published October 8, Santiment estimated that daily DeFi token trade volumes have fallen by 30% combined, while recent market leaders Sushi (SUSHI), Uniswap (UNI) and Yearn Finance (YFI) are among the hardest hit with weekly losses of 51%, 38% and 31% respectively. Despite noting that crypto-Twitter has already emphatically declared the death of the entire DeFi experiment, Santiment claims to have identified “whale accumulation” activity taking place around several DeFi assets including Synthetix (SNX).