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SUSHI Jumps 24% In Less Than 24 Hours Over Partnership With Yearn.Finance (YFI) 

Axie Infinity’s

Although the crypto market is still celebrating Bitcoin, altcoins have been performing well. While most of the top ten altcoins have lost some weight over the last 24 hours, the SUSHI token’s performance tells a different story. Earlier today, SUSHI climbed 24% after trading began and about 35% over the past day.

The altcoin’s performance makes it one of the best-performing assets in the crypto market, at least by market capitalization. At press time, SUSHI is trading at $1.83, with 24-hour and 7-day gains falling to 19.82% and 30.64%, respectively. SUSHI currently boasts of a market capitalization near $285 million.

The rise in SUSHI’s performance may be easily tied to the recent merger between SushiSwap and Yearn.Finance (YFI), another top DeFi performer. The collaboration between both platforms is expected to better strengthen services and products they both render, and also improve the DeFi world in general. Speaking on the partnership, Yearn.Finance founder, Andre Cronje, said:

“As Sushi focused on expanding their AMM ecosystem, and as Yearn focused on expanding their strategies, more and more overlap became apparent…With these overlaps, more and more work started to become mutualistic, and at this point, it makes to take the relationship to the next level.”

SushiSwap shocked most of the crypto world when it began to spike shortly after its launch. Although the spike stayed a little, its additions began to reverse, sparking the general belief that the DeFi space is mostly a big bubble.

 Image Credits: Pixabay

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