It appears that “aping” into new decentralized finance (DeFi) coins is back in vogue with Bitcoin pumping, Ethereum moving towards its summer highs, and money moving right down the DeFi risk curve. A new Ethereum-based coin has surged 3,000 percent in the past week. ZLOT surges 3,000 percent in a week One of the biggest…
Overnight, on November 11, the price of Bitcoin rallied by nearly 4% as it neared $16,000. While BTC showed strengthening momentum, decentralized finance (DeFi) majors, like Yearn.finance (YFI), Aave (AAVE), and Synthetix (SNX), underperformed. The trend spotted in DeFi in the last 24 hours, where it corrects while Bitcoin surges, was reminiscent of October. Throughout…
The DeFi market has undergone a strong surge since it seemingly bottomed late last week. As reported by CryptoSlate previously, top DeFi coins have surged over 100 percent from their lows, becoming the best-performing altcoins of this past week. Market data of the top 15 DeFi coins from CryptoSlate On-chain data suggests that this recovery…
If you’ve been following Ethereum Twitter over the past few days, you’ve likely seen the term “blue chip” mentioned time and time again in reference to certain DeFi projects. In traditional finance, a blue-chip company is one that is seen as reputable and steady, with the ability to perform well in any market conditions. The…
Prior to today, Yearn.finance (YFI) was one of the worst-performing cryptocurrencies of the past two months. It had dropped 80 percent from its all-time high due to a number of bad PR events, coupled with massive short activity from large investors that saw a decline coming in DeFi. The short activity was evident due to…
As the short-term future of decentralized finance (DeFi) coins has become uncertain over recent days, analysts and investors in the space have weighed in on what they think comes next. Many assert that the fundamentals of this space are better than ever. Case in point: the total value locked in DeFi contracts recently hit an…
Harvest Finance, what used to be a $1 billion yield farming protocol on Ethereum, underwent a brutal attack last week that wiped approximately $30 million from user accounts. The pseudonymous attacker leveraged a flash loan, along with a series of manipulative transactions between Curve, Uniswap, and Harvest, that allowed them to drain millions of dollars…
The price of YFI, the native token behind the decentralized finance (DeFi) giant Yearn.finance dropped to double-digits. It has started to recover as the market sentiment around Yearn.finance started to show signs of improvement. On October 30, the price of YFI dropped to as low as $9,631 on Binance. The DeFi space saw a marketwide…