Finance Redefined: DeFi party's over, back to building now, Sept. 30-Oct. 7

Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a DeFi Jesus reincarnation act.

What really grabbed attention was the price collapse of a great deal of DeFi tokens, captured quite well in the various DeFi indices launched lately.

The Uniswap token just completely gave up and broke the psychological barrier of $3, which was the price initially used to make the "$1200 DeFi stimulus check" analogy.

One glimmer of hope is that the DeFi total value locked is still high at $10 billion, which some analysts say is a sign of solid fundamentals.

WBTC has its own entry in the DeFi Pulse rankings, with $1 billion in value.

WBTC is just a token that does nothing on its own - it's like counting the entire Ether supply as TVL in DeFi.

There are two primary ways that DeFi can scale in the short-term: Ethereum layer two solutions and bridges to other blockchains.

It becomes fairly easy to transfer liquidity over there in a relatively stable form, and then use that in the RSK DeFi ecosystem.

Ethereum still has no reason to worry about its lead.Miner extractable value is here to exploit DeFi.

The discovery could signal the start of open season on DeFi for miners.