ALPHA and DHT skyrocketed – CRV increased 120% in 7 days

We share daily data of the decentralized finance (DeFi) ecosystem with you.

As of Thursday, January 21, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 23.88 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 33.57 billion dollars calculated as.

The total amount (US dollars) locked on DeFi. Source: DeFi Pulse

TOP 5 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Alpha Finance (ALPHA) 0,710757$ 22,0% 54,6% 123.448.178$
dHEDGE DAO (DHT) 2,27$ 21,6% 77,6% 16.085.113$
Curve DAO Token (CRV) 1,52$ 14,7% 120,2% 291.992.203$
iETH (IETH) 654,80$ 13,1% -20,0% 22.027.851$
Index Cooperative (INDEX) 8,92$ 12,2% 47,5% 11.061.287$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, January 21, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, January 21, 2021 22.0 percent with Alpha Finance (ALPHA) happened. The total market value of the protocol $ 123,448,178 while reaching 1 Alpha Finance (ALPHA) from $ 0.710757 started to change hands.

The second most valuable protocol in 24 hours is 21.6 percent with increase 2,27 was recorded as. dHEDGE DAO (DHT) 2,27 dolardan trading. 14.7 percent rising rate Curve DAO Token (CRV) protocol $ 1.52 level.

According to the shared data, 13.1 percent rising iETH (IETH) 654,80 dollars and immediately after 12.2 percent growing Index Cooperative (INDEX) If protocol $ 8.92 trading on.

TOP 5 – DeFi protocols that lost the most in 24 hours

Token Name Price 24s 7g Market value
Frax Share (FXS) 16,95$ -26,4% 16,3% 32.317.873$
YAM (YAM) 2,22$ -16,7% 23,4% 24.325.990$
IDLE (IDLE) 6,01$ -13,4% 3,9% 7.851.346$
Wrapped NXM (WNXM) 39,52$ -11,9% 11,0% 76.865.125$
Badger DAO (BADGER) 14,00$ -11,3% 59,5% 33.252.572$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Thursday, January 21, 2021)

According to the data shared, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $ 32,317,873 calculated as and 26.4 percent declining by Frax Share (FXS) protocol $ 16.95 is traded as.

16.7 percent falling by YAM (YAM) from $ 2.22 while processing, 13.4 percent depreciating IDLE (IDLE) if $ 6.01 level.

Also in the data, 11.9 percent falling Wrapped NXM (WNXM) protocol From $ 39.52 while changing hands 11.3 percent declining by Badger DAO (BADGER) 14,00 dolar was traded as.

What is decentralized finance (DeFi)?

DeFi, which is an abbreviation of the words Decentralized and Finance (Finance), is a financial structure that does not need any center or authority. DeFi, which is basically built on blockchain networks, is among the most important developments for the creation of new generation digital money infrastructures.

In addition to providing decentralized financial services, DeFi structures also aim to provide trust to participants. Because the absence of anybody in the management means preventing abuses.

Smart contracts, consensus protocols and decentralized applications (Decentralized Application – DApp) are among the important parts of decentralized finance structures, based on the logic of “If this condition is met, the following transaction will take place”.

For detailed information: What is DeFi? What Does Decentralized Finance Mean?

The opinions and comments expressed here are only to the author belongs. It may not reflect Cointelegraph’s views. Every investment and trading move involves risk. When making your decision, you should do your own research.

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