The Yearn Finance team said its total value locked (TVL) on the Fantom blockchain has surged by more than 56% in the past 24 hours. Thus, resulting in the Yearn TVL on Fantom surpassing $1 billion.
Yearn.finance is a Decentralized Finance (DeFi) platform that aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making, and more.YFI, the native token of the Yearn Finance ecosystem, is up by nearly 3% in the last 24 hours and is currently trading at $24,465.