This week definitely feels calmer and more positive than the last. There’s good reason for DeFi bulls to be optimistic too, as the market posted a decent recovery since my last newsletter.
People are calling it a “blue chip” rally, which means that it’s household names that are leading the charts (at least that’s the standard definition, it may also refer to their blue logos). AAVE and YFI rallied the most, followed by decent recoveries for Curve and Synthetix. These are big names, but at the same time I would give the “blue chip” moniker to stuff like Uniswap, Compound, Maker — all of which made lukewarm gains at best.
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