This DeFi Yield Token Rallied 200% on Christmas Day, Here’s Why

A little-known DeFi yield token stunned markets on Christmas Day after posting a triple-digit rally while most crypto assets traded quietly. Beefy Finance’s BIFI token surged more than 200% in 24 hours, briefly touching the $400 level before cooling, according to market data.

The move placed BIFI among the top gainers across the crypto market on December 25, despite no major protocol announcement or ecosystem shock.

BIFI is the governance and revenue-sharing token of Beefy Finance, one of DeFi’s longest-running yield aggregators.

Beefy operates automated “vaults” across multiple blockchains, compounding rewards from liquidity pools and staking strategies. Users retain custody of funds and can withdraw at any time.

Unlike many DeFi tokens, BIFI has a hard-capped supply of just 80,000 tokens, with no minting or burning mechanism. All tokens are already in circulation.

Interesting pump for $BIFI today, never heard of them until now. Insane tokenomics –> listed on Binance w/ only 80,000 supply? $226M in TVL? Only $23M market cap? hmm