Yearn Finance (YFI)
DeFi yield aggregator OG with real protocol revenue, but YFI buybacks alone cannot support a $91M market cap as yields compress and competition intensifies
Ranked 91st of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
YFI scores 111 of 250 across the 25-variable framework, which places it 91st of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
YFI is a top-10 name in the set on 3 variables. The score rests on Supply Inflation 9/10, 3rd of 251, Vesting Schedule 9/10, 8th of 251, Circulating / FDV Ratio 9/10, 10th of 251 and Buyback and Burn 5/10, 28th of 251.
Against the same universe, YFI sits in the bottom third on P/S Multiple 3/10, 182nd of 251 and Treasury Runway 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.
98.3% of eventual supply is already circulating, so vesting is not a live risk for YFI. Price has to be justified by demand rather than absorbed against a cliff.
YFI trades 97.7% below its all-time high of $90,787. Recovering that level is a 43.5x move, not a 97.7% one, which is the arithmetic most drawdown charts hide.
The framework score gained 25 points against the previous pass (86 to 111). Revisions of this size follow a change in the underlying variables, not a change in price.
$400.0M sits in the protocol. The token is capitalised below the value locked in the protocol.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 5 | 37th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 9 | 3rd of 251 | |
| Vesting Schedule | 9 | 8th of 251 | |
| Circulating / FDV Ratio | 9 | 10th of 251 | |
| Buyback and Burn | 5 | 28th of 251 |
Ownership
| Smart Money Flows | 4 | 93rd of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 6 | 52nd of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Yearn V3 vaults with pluggable strategies and yETH staking product
Principal risk
TVL in secular decline; protocol revenue fell 70%+ in 2024; no new growth narrative
Market and supply
| Price | $2,086 |
| Market cap | $75.2Mrank 304 |
| All-time high | $90,78711 May 2021 |
| Circulating supply | 36,036 |
| Eventual supply (max supply) | 36,666 |
| Dilution to full supply | 1.02x |
| Total value locked | $400.0M |
| Listed on | Binance, Coinbase, Kraken |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to YFI measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [Yearn Finance Docs] YFI has near-100% circulating supply with no inflation; buyback program in place since 2023
- [DeFiLlama] Yearn V3 launched with modular vault architecture but TVL remains ~$400M vs $7B+ peak
- [Token Terminal] YFI protocol revenue fell sharply in 2024 as DeFi yields compressed across the board
Common questions
- What is the Early Thunder score for Yearn Finance (YFI)?
- YFI scores 111 out of 250 on the 25-variable framework, ranking 91st of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are YFI's strongest fundamentals?
- YFI ranks highest on Supply Inflation 9/10, 3rd of 251, Vesting Schedule 9/10, 8th of 251, Circulating / FDV Ratio 9/10, 10th of 251 and Buyback and Burn 5/10, 28th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the YFI thesis?
- YFI scores in the bottom third of the universe on P/S Multiple 3/10, 182nd of 251 and Treasury Runway 4/10, 181st of 251. The single risk carried on the scorecard is: TVL in secular decline; protocol revenue fell 70%+ in 2024; no new growth narrative
- How much YFI supply is still to enter circulation?
- 98.3% of eventual YFI supply is circulating today, leaving 1.02x the current float still to arrive. At a flat price per token that is 1.7% of fully diluted value ahead of current holders.
- How far is YFI from its all-time high?
- YFI trades 97.7% below its all-time high of $90,787. Returning to that high requires a 43.5x move from the level used in this scoring pass.
- Which tokens have a similar profile to YFI?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to YFI are QTUM (61), IOTA (78), DOGS (62) and POPCAT (73). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for YFI?
- Yearn V3 vaults with pluggable strategies and yETH staking product
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.