It appears that the decentralized finance (DeFi) bull market has returned after a two-month hiatus. Top coins pertaining to this space have seen a rapid surge over the past few weeks as buying pressure returns to this space.
Mostly, it’s been large-cap investments that have enjoyed strong rallies: Yearn.finance’s YFI, Synthetix Network Token (SNX), and many other players in this class have gained around 100% from their local lows. Many of these coins saw brutal drops in September and October as early adopters sold the cryptocurrencies en-masse.
But smaller, newer DeFi coins have begun to rally as well.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom What is Alpha Finance?
ALPHA is the native token of Alpha Finance Lab, supported by Binance Launchpad and investors such as Spartan Group and Multicoin