The value of the digital token yearn.finance (YFI) fell 35.5% overnight after rapid growth in the past few days. It was possible to purchase a digital token for $9,190. Market capitalization was $305.42 million. Daily trading volumes were at $430.78 million. This figure soared by 17.8% compared to the same figures yesterday.
It should be noted that the YFI cryptocurrency is trading 81.65% more expensive than a month ago. Its price in mid-October 2023 fluctuated just below $5,000. However, by November 17, it reached a local maximum value of about $15,600. However, already on the night of November 17-18, the value of the virtual currency sharply fell below $9,000.
Yearn.finance is an aggregator service for investors in the decentralized finance (DeFi) sector. It uses automation technology that allows you to maximize profits from the yield farming process. The key goal of the protocol is to make working in the DeFi space easier for those investors who do not have specialized skills.
It should be emphasized that no other cryptocurrency from the top 100 rating suffered a loss of more than 3% per day.
