DeFi Coins Yearn.finance (YFI) and Uniswap (UNI) Drop 10% Despite ETH Bounce

DeFi Coins Yearn.finance (YFI) and Uniswap (UNI) Drop 10% Despite ETH Bounce

The decentralized finance (DeFi) space has seen an extreme correction over the past few days and weeks in spite of a Bitcoin rally. The leading cryptocurrencies pertaining to this space are now down by over 70% from their all-time high (on average) while BTC has gained 30% in the past two weeks. For one, Yearn.finance […]


Related News

Uniswap (UNI), Compound (COMP), Other DeFi Coins Are Slipping Lower

Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price. Data from Uniswap indicates that against the U.S. dollar, coins such as UNI, Compound’s COMP, and Yearn.finance’s YFI, have slid lower by 1-5% in the past 24 hours. This slight move lower in the price action of these coins adds to […]

Top DeFi Coins UMA, Yearn.finance, Uniswap Rocket Over 10% Higher

It’s been a tough past few weeks for the DeFi market. Leading coins pertaining to decentralized finance have undergone strong corrections as buying pressure from the summer subsides, resulting in a mass of early adopters taking profits. The average DeFi coin fell by 65% from its summer highs to the lows set just a few […]

DeFi Carnage: Ethereum Coins Aave, Yearn.finance, Uniswap, Synthetix Dive 20%

Top Ethereum-based altcoins are plunging as the price of Bitcoin fails to react positively to the $11,000 resistance. BTC is down 4% in the past 24 hours while Ethereum has shed 8%. Most top altcoins on Ethereum, such as Yearn.finance and Aave’s LEND, are down over 20% in the past 24 hours. This move was not unexpected, especially as there are some fundamental trends set to supress DeFi in the medium term. Top Ethereum-Based Coins […]

Yearn.finance (YFI) Drops 10% Despite These 2 Fundamental Trends

Despite resilience in the price of Bitcoin, it’s been another brutal day for Yearn.finance (YFI) and other DeFi coins. The leading decentralized finance coin, based on Ethereum, has dropped 10% in the past 24 hours. The cryptocurrency currently trades for $20,900, far below its all-time high at $44,000. YFI’s decline comes as other DeFi coins […]

Prolonged DeFi Slump Impending? Uniswap Volume Drops 83% Since Peak

The decentralized finance (DeFi) market is slumping as large-cap tokens like Uniswap (UNI), Yearn.finance (YFI), and Maker (MKR) decline. Atop the lackluster performance of major tokens, the volume of the Uniswap decentralized exchange has substantially dropped. On September 1, when Uniswap surpassed Coinbase Pro in daily volume, it processed $953.59 million of volume in 24 […]