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DeFi liquidity rotation: Is Injective next after DeXe’s 85% crash?

The Cryptonomist·July 22, 2026·1 min read
DeFi liquidity rotation: Is Injective next after DeXe’s 85% crash?

DeXe (DEXE) surged over 115% in early July but has since erased over 85% of its value, according to on-chain data from Santiment. The collapse shows how fast the DeFi market can reverse on a token that looked unstoppable. The data helps explain the reversal, indicating a liquidity rotation in the DeFi market.

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