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Decentralized finance applications are definitely taking the cryptocurrency industry by storm right now.YFI, which is quite close to the unit price of the leading cryptocurrency Bitcoin, may even go down in history as the first DeFi project to achieve this.
Although the unit price of BTC has been surpassed by other cryptocurrencies before, it has never been seen that such an event was carried out by a DeFi.
Edit : Only 30,000 total supply :o
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While YFI is not specifically linked to all DeFi protocols, many analysts say cryptocurrency is fundamentally a decentralized financial index. Fortunately, this segment of cryptocurrency is expected to continue to grow. This is a good sign for Ethereum-based cryptocurrency and will likely see more growth as DeFi gains traction.
I think YFI has enough room to grow after the strong downtrend.