🔥🔥💣 Rises 27% After DeFi Lawsuit
BIFI shows significant price fluctuations, with Binance reporting $363.65 (+8.15%), CoinMarketCap showing $234.90 (+26.86%) and Coingecko reporting daily gains of 52.6%.
This volatility coincides with the DeFi TVL, which has risen from $86B to $126B (a 46% increase) since April, indicating renewed confidence in the sector. Key Factors
• Revival of Yield Farming: The auto-compounding vaults of Beefy Finance across multiple chains attract investors seeking yield
• Limited Supply: There are only 80,000 BIFI tokens in circulation, creating scarcity pressure, as mentioned in BIFI Rises 13%
• Increased Visibility: Its recent inclusion in Binance's watchlist along with FIS and KMD, according to Altcoins under Scrutiny