In the past, March has predominantly been a bearish month for the crypto market. However, this year, with positive news surging each week, the crypto market ended the month with a positive performance of +31.44%.
The DeFi market outperformed the rest of crypto market, posting a 37.35% return in the previous month. The market exhibited high volatility during March, making it difficult for investors (especially quant investors) to outperform the market. The Solidum DeFi Quant Strategy, therefore, posted a lower return of +10.32% compared to the Binance DEFI Composite Index (our benchmark).