Except for stablecoins, all top 50 cryptocurrencies will close the week in negative territory. Terra's massive collapse also changed the landscape of the biggest cryptos. However, aside from UST and LUNA, there are a few other coins that point to heavy losses this week. While some of these are related to the carnage on Terra, others have seen their own signs of decline.

Cake PancakeSwap

PancakeSwap (CAKE), Avalanche (AVAX), Near Protocol (NEAR) and Cosmos (ATOM) were the top 50 worst performing cryptocurrencies this week, according to Coinmarketcap data. CAKE posted the biggest losses after UST and LUNA this week, trading around $4.18, down nearly 44% in the last seven days. Traders received little support from the project, which proposes to limit the number of CAKE tokens to 750 million. PancakeSwap, a decentralized exchange on the Binance chain, has also sought to introduce staking and farming features. However, traders are still hesitant to invest in the chain long-term.

Avax Avalanche-4

Avalanche (AVAX) has lost nearly 46% this week on fears that Terra will abandon its $100 million AVAX tokens to increase liquidity. So far, Terra has not taken any such action. AVAX also formed part of the Luna Foundation Guard's UST-supported reserves.

Cosmos (ATOM) is down 40.68% this week as it also has ties to Terra. The DeFi implementations of the blockchain are largely integrated with Terra and thus have come under UST selling pressure. Other tokens, which were already in a downtrend before the crash, saw heavy selling, including ApeCoin (APE), Shiba Inu (SHIB), and Solana (SOL).

Mkr Maker

Out of the top 50 cryptos and stablecoins, DeFi token Maker (MKR) was the only winner of the week, changing hands at $1,492, up about 12%. MKR, the management token of DeFi platform MakerDAO, has seen a huge spike as traders bet that the platform can close the hole in DeFi left by Terra. MakerDAO's DAI stablecoin also saw a massive increase in volume throughout the week. Unlike UST, DAI is traditionally collateralized.