This little known token went up 300% in one week!

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

As of Tuesday, January 19, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 24.46 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 35.36 billion dollars calculated as.

Total amount (USD) locked on DeFi. Source: DeFi Pulse

TOP 5 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
88mph (MPH) 150,67$ 63,1% 298,9% 38.299.037$
TrueFi (TRU) 0,339519$ 41,0% 88,5% 47.202.605$
Hakka Finance (HAKKA) 0,073488$ 40,0% 88,2% 11.369.438$
Hegic (HEGIC) 0,327330$ 27,7% 59,3% 104.816.956$
Ampleforth (AMPL) 1,16$ 25,7% 37,4% 311.266.804$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, January 19, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday morning, January 19, 2021 63.1 percent with 88mph (MPH) happened. The total market value of the protocol $ 38,299,037 while reaching 1 88mph (MPH) from $ 150.67 started to change hands.

The second most valuable protocol in 24 hours is 41.0 percent with increase 0,339519 was recorded as. TrueFi (TRU) from $ 0.339519 trading. 40.0 percent rising rate Hakka Finance (HAKKA) protocol $ 0.073488 level.

According to the shared data, 27.7 percent rising Hegic (HEGIC) $ 0.327330 and immediately after 25.7 percent growing Ampleforth (AMPL) If protocol $ 1.16 trading on.

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

Token Name Price 24s 7g Market value
iETH (IETH) 631,09$ -15,7% -25,9% 22.047.156$
Empty Set Dollar (ESD) 0,523894$ -14,8% -22,2% 253.526.035$
EasyFi (EASY) 4,61$ -9,5% 8,9% 6.246.894$
Acropolis (AKRO) 0,01581710$ -9,0% 56,3% 38.344.502$
pTokens BTC (PBTC) 36.026,09$ -8,2% 11,3% 7.475.714$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Tuesday, January 19, 2021)

According to shared data, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $ 22,047,156 calculated as and 15.7 percent declining by iETH (IETH) protocol $ 631.09 is traded as.

14.8 percent falling by Empty Set Dollar (ESD) 0,523894 dolardan while processing, 9.5 percent depreciating EasyFi (EASY) if $ 4.61 level.

Also in the data, 9.0 percent falling Acropolis (AKRO) protocol From $ 0.01581710 while changing hands 8.2 percent declining by pTokens BTC (PBTC) $ 36,026.09 was traded as.

What is decentralized finance (DeFi)?

DeFi, which is the 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 next-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 administration 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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