Yearn.finance (YFI) has embarked on a parabolic run-up over the past few days. The Ethereum-based asset traded at $4,200 one week ago, and yesterday, it reached $16,500. This is a gain of almost 300% in around seven days. The asset is beginning to reverse, though. YFI is down 20% in the past 24 hours as…
Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6.65 billion worth of cryptocurrency locked in so-called DeFi protocols. This same metric was closer to $500 million at the start of the year and around $1 billion in March. Related Reading: Crypto Tidbits:…
The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million. The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market. Options have been seeing increasing popularity throughout 2020, with investors widely pivoting away…
Following Bitcoin, Ethereum, and other top cryptos lower, Compound (COMP) has shed 9% in the past 24 hours., the asset now trades at $180, lows not seen in over a week. COMP’s -9% performance in the past 24 hours makes it one of the worst-performing digital assets of that time frame. For context, Bitcoin and…
Today, Yearn.finance (YFI) did what many believed was impossible: the altcoin’s price crossed above that of Bitcoin (BTC). Just minutes ago, the price of the Ethereum-based coin crossed above $12,000 for the first time ever, meaning it was trading above BTC’s then-current price of $11,750. YFI now trades at $12,250, but it is clear if…
Most readers are likely aware of Yam Finance, an Ethereum-based decentralized finance project that took the industry by storm last week. Announced just earlier this month by five developers in the space, the project, whose native token is YAM, exploded out of the gate. Within the span of a few hours, YAM grew to a…
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally,…
Tron founder and CEO Justin Sun was spotted on Twitter today, promoting a decentralized exchange for liquidity pooling akin to Uniswap and other DeFi platforms that have been booming recently. Is this yet another attempt by the altcoin’s backer to tap into the latest trend, or is this simply meeting market demand with the services…
When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever. Many Ethereum bulls hailed the achievement of this milestone as a testament to the…
Looking for more signs that cryptocurrencies may be entering a new bull market? Look no further than Coinbase, where on average, buying any crypto asset offered by the platform would have resulted in 50% ROI or more. But which coins were the top-performing crypto on Coinbase, and which, if any, were lagging behind? Coinbase Coins…