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Yearn Token Becomes the First to Exceed the Price of Bitcoin, Spiking to $16,000 From $4000 Within A Month

Lily Yang

Summary: On August 20, YFI—the Ethereum token which has captured lots of headlines lately—has become the first altcoin to surpass the price of Bitcoin. Propelled by the growing demand for decentralized finance (DeFi), Yearn.finance’s native governance token YFI surged to $16,025 on Coinbase at the time of writing.  Launched in July, YFI is the first DeFi ...

On August 20, YFI—the Ethereum token which has captured lots of headlines lately—has become the first altcoin to surpass the price of Bitcoin.

Propelled by the growing demand for decentralized finance (DeFi), Yearn.finance’s native governance token YFI surged to $16,025 on Coinbase at the time of writing. 

Launched in July, YFI is the first DeFi protocol on Ethereum whose governance is completely in the hands of token holders. The total supply is limited to 30,000 tokens and almost all the token have entered circulation.

By Lily Yang

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Link: Yearn Token Becomes the First to Exceed the Price of Bitcoin, Spiking to $16,000 From $4000 Within A Month   [Copy]
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