Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
DeFi total locked value has hit a record high, reaching nearly $80 billion. Though Ethereum-based protocols continue to lead the market, notable performance has been shown by their main rival – Binance Smart Chain.
Decentralized Finance (DeFi) protocol Yearn.Finance is advancing in its season of mergers with the latest announcement coming in to feature another DeFi notable DeFi giant SushiSwap.
