A preliminary assessment of the performance of DeFi cryptocurrencies in relation to other financial assets, volatility, and user-generated content

• DeFi has the goal to recreate traditional finance services. There are relationships between some assets, user-generated content, and DeFi. Telegram chats influence DeFis, Twitter activity does not DeFis. tokens a safe haven, hedge for stock market volatility. After so-called “crypto-winter”, decentralised (DeFi) is reviving interest in cryptocurrency amongst scientific community, public private institutions, investors. novel disruptive process that promotes use of blockchain technology creating issuing all kinds financial products This study aimed measure relationship returns tokens, other content. While crypto assets been researched, this done on assets. uses logit-probit model over database comprising daily 13 DeFi, VIX, S&P GSCI Crude Oil Index, Gold variation mentions Twitter. The results show variables except crude oil index were significant. suggests acts, similar as haven. contributes literature investment which requires much more research.