This DeFi Coin Founded by Andre Cronje Is The Most Traded Crypto By Ethereum Whales Today
Yearn.finance (CRYPTO: YFI) has emerged as the most traded cryptocurrency by the 1,000 biggest Ethereum (CRYPTO: ETH) wallets in the past 24 hours.
What Happened: Yearn.finance was also ranked seventh among the most used smart contracts by the Ethereum whales, according to data from cryptocurrency data platform WhaleStats.
See Also: How To Buy Yearn.Finance (YFI)
Why It Matters: Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
The project — formerly known as iEarn — is the brainchild of Andre Cronje, who recently announced his departure from DeFi.
Yearn.finance on Tuesday retweeted a post that noted the project has generated more than $100 million in revenue despite Crone’s departure from the project a year ago.
Andre Cronje left Yearn over a year ago, and since then the project has generated $100m+ in revenue and stood up profit sharing to partners.
Yearn is far bigger than any one person, thanks to Andre. https://t.co/TO51NvqqWT
— eberle.eth (@defiginger) March 7, 2022
Price Action: Yearn.finance is up 6.7% during the past 24 hours, trading at $19,831.32 at press time.
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