The trend of $AAVE and $UNI makes people feel like the project is about to be over, but the fundamentals of AAVE and UNI have basically not worsened and are still steadily improving. UNI’s fee-based token buybacks and AAVE’s V4 protocol basically establish their leading positions in their respective categories. In the short term, prices are falling so sharply mainly because we are currently in a bear market. In a bear market, DeFi tokens are prone to form a death spiral, because DeFi on-chain data will inevitably decline across the board during a bear market. This is actually the same logic as $ENA , but when it comes to a bull market, DeFi tokens can surge especially fast, easily creating a flywheel effect. Overall, it’s essentially two extremes. If you really want to bottom-fish, then follow the 1011 needle/pin levels: AAVE is around 79, and UNI is around 2. At that point, consider averaging in by batches.