DeFi started a new round of skyrocketing, the market value exceeded 12 billion US dollars, LINK once again set a new record high
Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), by Kyle, published with permission.
Babbitt Information (ID: bitcoin8btc)
Babbitt Information (ID: bitcoin8btc)
, by Kyle, published with permission.
On August 11, gold suffered the largest one-day drop in seven years, the correlation between Bitcoin and gold hit a record high, and mainstream currencies such as Bitcoin also fell simultaneously. Although the DeFi concept currency was affected by the decline of Bitcoin, and there was a short-term downward trend, the DeFi craze has not subsided. DeFi currencies are green today. Especially top DeFi tokens such as Maker (MKR), Compound (COMP), and ChainLink (LINK).
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COMP soared more than 50%, and LINK set a record high again
On August 12, a "DeFi dark horse" was born. YAM, known as "YFI+AMPL", started liquidity mining. After YAM went online, it was like a super water pump, constantly absorbing funds from the DeFi ecosystem and even the entire cryptocurrency market, and received $200 million in cryptocurrency within 6 hours of going online. As of press time, the latest data shows that the locked value of YAM has reached 476 million US dollars.
After YAM started liquidity mining, a total of 8 liquidity pools were opened: COMP, LEND, LINK, MKR, SNX, WETH, YFI and ETH/AMPL Uniswap v2 LP tokens. Users only need to inject these tokens into the YAM contract to start liquidity mining and get YAM rewards. Surprisingly, the annualized income of YAM liquidity mining is as high as 20,000%. It is such a high income that stimulates users to inject a large amount of the above-mentioned tokens into the YAM fund pool. The demand for tokens such as COMP, LINK, and MKR has surged, and token prices have also increased.
As of press time, according to Debank data, LINK was quoted at $15.24, a 22.5% increase in 24 hours, with a market value of $5.83 billion. COMP reported at $244.4, a 24-hour increase of 55.05%, with a market value of $780 million. MKR reported at $764, a 24-hour increase of 29.17%, with a market value of $689 million. SNX reported at $5.67, a 28.8% increase in 24 hours, with a market value of $658 million. LEND reported at $0.45, a 27.36% increase in 24 hours, with a market value of $570 million.
LINK performed brilliantly again, breaking through $15, a record high. In the past 1 month, LINK has risen by more than 108%, and it has risen by more than 730% for the whole year.
According to Babbitt's previous reports, during the entire surge of Link, the biggest narrative surrounding Link was Zeus Capital (Zeus Capital). The investment firm has openly shorted LINK, expressing its skepticism towards Chainlink (Link) and expecting the price of Link to drop sharply. However, as LINK continues to set new historical highs, according to the latest data from DeBank, the 22 million USDC mortgaged by Zeus Capital, an investment institution that publicly shorted LINK, on Aave has been liquidated by 17.53 million US dollars, and there are still 4.465 million USDC in the mortgage. It is 227,000 LINK.
