{"id":27397,"date":"2020-08-18T13:42:00","date_gmt":"2020-08-18T10:42:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27397"},"modified":"2025-08-26T20:34:35","modified_gmt":"2025-08-26T17:34:35","slug":"yearn-finance-price-surges-on-binance-briefly-ahead-of-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/yearn-finance-price-surges-on-binance-briefly-ahead-of-bitcoin\/","title":{"rendered":"yEarn Finance price surges on Binance, briefly ahead of Bitcoin"},"content":{"rendered":"

On Tuesday, August 18, the price of the DeFi platform token yEarn Finance (YFI) surged on the Binance exchange to $12,800. At the same time, Bitcoin was trading just above $12,200.<\/p>\n

\"yEarn<\/p>\n

The maximum weighted average price of YFI, according to CoinGecko<\/a>, was $11,275.88.<\/p>\n

After the price spike, the token’s quote fell sharply. At the time of writing the asset was trading around $10,130, a daily rise of about 48%, monthly \u2014 1,300%.<\/p>\n

\"yEarn<\/p>\n

The reason for YFI’s rapid rise is that more than 60% of the token’s circulating volume has been locked in pools of various DeFi projects.<\/p>\n

On Monday, August 17, yearn.finance founder Andre Cronje announced<\/a> the launch of a new product \u2013 yinsure.finance, which will be \u201ca prototype of a new kind of tokenized insurance.\u201d<\/p>\n

The launch of yinsure.finance is expected within the coming weeks. The service will be based on decentralized mechanisms, where insurers will be liquidity providers, and users will pay a percentage on their assets for the service provided. The first asset available for insurance will be the stablecoin USDC.<\/p>\n

Meanwhile, the cryptocurrency Chainlink (LINK)<\/strong> continues to attract attention and, over the past 24 hours, has shown notable volatility. On Monday, August 17, the price rose to $19.54, slightly short of the previous day\u2019s all-time high of $19.83.<\/p>\n

During the night of August 18 came a sharp fall: in less than an hour LINK dropped to $16.57. At the time of writing the asset was trading around $17.<\/p>\n

\"yEarn<\/p>\n

Data: CoinGecko<\/a><\/p>\n<\/div>\n

Despite the drop, the price gain over the week stands at 27%, over two weeks \u2014 more than 86%. Chainlink remains in fifth place among cryptocurrencies with a market capitalization of over $6.5 billion.<\/p>\n

Last week, Chainlink overtook<\/a> Bitcoin Cash in this metric.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, August 18, the price of the DeFi platform token yEarn Finance (YFI) surged on the Binance exchange to $12,800. At the same time, Bitcoin was trading just above $12,200.<\/p>\n","protected":false},"author":1,"featured_media":27398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1388,1093,1869],"class_list":["post-27397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainlink-link","tag-defi","tag-yearn-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27397"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27397\/revisions"}],"predecessor-version":[{"id":27399,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27397\/revisions\/27399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/27398"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}