Yearn.Finance is growing rapidly to make up for losses suffered in December. In fact, its escalation was so severe that several large altcoins were left behind.

Yearn.Finance is ahead of Ethereum and Solana

YFI seems to be in the spotlight as it has gained over 43.46% in the past 72 hours and is continuing down this path. In contrast, Altcoin ETH’s de facto leader is down 3.38% at press time, while SOL was down -1.57%.

YFI price promotion | Source: TradingView – AMBCrypto

Much of this has to do with Yearn’s recent proposal to change its encryption key. Most of the decisions made by the community voted for xYFI.

That proposal suggests creating a YFI staking vault that would put excess treasury income into it. In addition, Yearn has started to actively acquire YFI from the open market as part of a buyback program.

At the time of this writing, Yearn has purchased over 282.4 YFI at an average price of $ 26.6,000, bringing the total value to $ 7.5 million. Even famous analyst Adam Cochran with more than $ 5.5 billion in TVL designation YFI is its first choice for next year and says 2022 will be YFI’s year.

And maybe he’s not alone in that. Over the past month, the number of addresses with credit on the network has increased significantly. While the broader market has influenced the price movement of the altcoin, it did not last long.

The average balance has decreased in the past 30 days, but the same number has increased $ 4,000 in the past 24 hours and is currently still at $ 20.5,000.

YFI. Average credit | Source: Intotheblock – AMBCrypto

This price increase also helps YFI to see that the short-term liquidity is higher than the long-term liquidity for more than 8 months as the volume has increased by 480% in the last 48 hours.

Liquidation of YFI | Source: Coinalyze – AMBCrypto

Also, the steady increase in HODLers observed since July shows that investors themselves are getting more serious over time. The fact that LTHs are up from 1.7% to 15% is a positive sign that could help YFI keep the price in a recently observed downtrend in the future.

Distribution of YFI. Holders | Source: Intotheblock – AMBCrypto