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Over the past few months, Yearn.finance (YFI) has been on a collaboration spree.
While MakerDAO, the decentralized loan platform, is at the core of decentralized finance, its native Maker (MKR) token has plunged against Ethereum over recent months.
ShapeShift, one of the oldest cryptocurrency trading platforms in the crypto market, is pivoting.
A landmark announcement for USDC.
DeFi was the hottest topic of the year in the 2020 crypto realm.
As the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested.
It appears that the decentralized finance (DeFi) boom is back after a multi-week hiatus.
Uniswap’s and Yearn.finance’s native coins, UNI and YFI, are finally moving higher after an extended slump.
Aside from algorithmic stablecoins, BadgerDAO has been one of the most widely talked about Ethereum DeFi projects over the past few weeks.
It appears that the “ape” mentality that captured Ethereum investors in the summer has returned.
DeFi altcoins have been hammered hard over the past few weeks despite immense strength in Bitcoin, which has subsequently been reflected in Ethereum’s price action.
It’s undeniable: 2020 is the year of DeFi.
If you were around during this past summer’s decentralized finance (DeFi) boom, you likely remember the countless “food forks.” After Yam Finance (YAM) launched in August, every project tried to copy it by making cryptocurrencies that were based on foods.
As some crypto traders on Twitter put it, SushiSwap’s native SUSHI coin just experienced its own March 13.
Yes, you read that right: an Ethereum-based stablecoin meant to trade around one United States dollar is up approximately 100 percent in the past 24 hours alone.
For most of the past 48 hours, the crypto market was blood red.
SushiSwap’s native token SUSHI, even after the recent drop, is up strongly since the lows seen in October.
The decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital now sitting in this space’s contracts.