DeFi boom leaves former altcoin darlings in the dust — But for how long?
Cointelegraph
Published Sep 07, 2020 04:06PM ET
Updated Sep 07, 2020 05:40PM ET
The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to their all-time highs in 2020. YFI alone has surged 10x since listing.
In fact, most high-profile DeFi-related tokens have outperformed Bitcoin (BTC) and other altcoins by a long stretch. Even governance and infrastructure projects like Chainlink (LINK) and UMA, the latter of which became one of the largest DeFi protocols in September, were eclipsed by DeFi tokens.
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Written By: Cointelegraph
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