What’s YFI’s role in DeFi tokens’ resurgence?

[Hometown]

YFI at the time of writing, was trading around the $36,228-level, according to CoinMarketCap. While the aforementioned price level was 20% away from its ATH, the token was observed to be rallying to close the gap. In fact, with YFI hiking by just under 10% over the last 24 hours, there’s renewed optimism among many in the community that the DeFi token will hit a new ATH soon enough.

It’s worth noting, however, that the TVL in yearn.finance remains way off the levels seen in August-September 2020. Therefore, the target for the near-term would be a TVL value of $350 million.read