Institutional money is pumping the DeFi markets back up

Cointelegraph

Published Nov 11, 2020 09:43PM ET

Updated Nov 11, 2020 11:20PM ET

Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance (YFI) among the top beneficiaries.

According to crypto market data aggregator IntoTheBlock, on-chain transactions of $100,000 or higher have increased by 282% over the past week — including nearly $134 million worth of activity on Nov. 10 alone.

Volume of on-chain YFI transactions exceeding $100,000 in value: IntoTheBlock

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