Top DeFi coins Yearn.finance and AAVE rip 10% higher as Bitcoin holds $13k

The past seven days have actually been quite mediocre for top coins in the decentralized finance space.

Compared to Bitcoin and Ethereum, which both have gained around 15 percent in the past seven days, many DeFi coins have oscillated around a zero percent weekly performance.

That's to say, some DeFi coins are flat over the past seven days, even as BTC has set new year-to-date highs.

Two coins are starting to break higher after a mediocre week, boosted by investments by multiple venture capital investors in the space.

Finance's YFI, both of which have gained 10 percent in the past 24 hours as Bitcoin holds the $13,000 region.

CryptoSlate market data indicates that these two coins are some of the best performers in the top 50 coins over the past 24 hours.

A reason why YFI and AAVE are outperforming many of their DeFi peers may come down to venture capital investment in these coins.

Underscoring the rallies in the prices of YFI and AAVE, DeFi is fundamentally stronger than ever.

Head of DTC Capital Spencer Noon noted that while most top coins have dropped from their highs, the "Most important indicators" for the health of this space continue to push all-time highs.

Namely, the total value locked in DeFi contracts is now at $12.4 billion while the number of ERC-20 stablecoins has breached $14 billion.