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

May 12, 2021 · 3 min read

By Ashwath Balakrishnan, and Jeremy Ong

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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