# Analyst says DeFi and stablecoins held up well as crypto markets imploded
“# Analyst says DeFi and stablecoins held up well as crypto markets imploded ” The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite…