SushiSwap dives 18%, loses $1 support as DeFi sell-off continues

No coin shows this as well as SushiSwap's SUSHI token, a governance token for the leading decentralized exchange.

Top Ethereum-based coins crushed despite Bitcoin stability.

The cryptocurrency currently trades under $1.00, which is the lowest the DeFi coin has traded since a day or two after its launch in late August.

To contextualize SUSHI's performance, Bitcoin is up one percent in the past 24 hours while Ethereum has gained two percent over that same time frame.

The underperformance of the SushiSwap governance token comes in spite of a number of improvements coming to the decentralized exchange, which is a de-facto competitor to Uniswap at the moment.

While SUSHI has been one of the worst-hit Ethereum-based crypto assets over recent weeks, it is only one of many coins that are down over recent weeks by dozens of percent.

Ethereum's loss of 28.7 percent from its year-to-date highs is brutal in and of itself, but then consider that the average token on this list has dropped over 60 percent from its all-time high.

The worst-hit tokens on the list are Curve DAO Token, SUSHI, bZx, Swerve, and Akropolis.

The best-performing crypto assets on that list are Maker, Aave, Loopring, and Synthetix Network Token - all four of which have had an extremely positive past month in terms of their respective fundamentals.

Despite the extreme correction in the DeFi market, most investors remain bullish on the space due to underlying positive fundamentals.