Explorer Charts Screener Social Trends Insights
Pricing
Log in Sign up
insight thumbnail

YFI. What's in the cards

@socialtrends
1 min read
03.09.2020
YFI
DEFI

YFI is the DeFi star.
Can it grow to 100.000 $ (as some expected) or should it first go down to 12.000 $ (as many late comers wish)?


Metrics used in this research:

  • On-chain: daily active deposits, mean dollar invested age
  • Social: YFI own community activity, Twitter attention, Telegram groups social volumes


Let's check some metrics to find out the truth.


Daily Deposits (to exchanges). (Source: Sanbase)
Mean Dollar Invested Age (Source: Sanbase)

The story here seems to be the following.

On the second chart we see that there have been three big redistribution waves. Each of them accompanying the strong bull push to the new highs (in each case). Now the "late comers" (and some of the early holders/believers) are in "hodl"/accumulate mode.

On the first chart we can observe the mood of these holders as "slightly alerted", but

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.