There has been a significant increase in on-chain service, and YFI price has rebounded by over 95%.Analytics from IntoTheBlock revealed that transactions above 100,000 USD have surged by 282% from last week, with a transaction of about 134 million USD in 24 hours.
A one-week analysis shows that YFI tops the top performers' list, followed by yAxis, Loopring, and Akropolis.
Major updates
- DeFi witnessed nearly 130 million dollars on the 10th.
- Polychain Capital joins the list of largest YFI holders
- A survey reveals an increase in DeFi acceptance.
YFI gain has been attributed to massive investment by Polychain Capital that has accumulated 470 YFI in the past few days. Polychain has been active in the DeFi, collecting major coins, including COMP, ZRX, and MKR.
A survey by Crypto.com showed that the majority of traditional investors are interested in DeFi. About 58% of the respondents feel they will be at a disadvantage if they fail to adopt DeFi, while 61% responded that their companies are on the verge of adopting DeFi. 61% of the respondents believe there is a need for more Defi regulations to keep the market going.
What do you think about the DeFi sector? Share your thoughts in the comment section.
