ETH Supply in Smart Contracts, YFI Heats Up, and DeFi's Consistent Growth

MAY 12, 2021 • 3 Min Read

Ashwath Balakrishnan + 1 other Jeremy Ong Ashwath Balakrishnan

Data Digest

  • YFI leads the latest DeFi rally
  • Uniswap records highest ever daily volume
  • Top 3 lending platforms hit $20 billion in outstanding loans
  • ETH supply in smart contracts consistently increases

Key Takeaways

  • YFI hit an all-time high of $90,000 during today’s Asia session after several months of choppy price action.
  • The rally began a couple of days ago, but was further incited by Yearn embracing the dog coin craze.

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    Ashwath Balakrishnan + 1 other Jeremy Ong Ashwath Balakrishnan