Increases up to 80 percent in 24 hours!

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

As of Monday January 18, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 23.78 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 34.48 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
YAM (YAM) 2,94$ 79,6% 51,0% 32.182.399$
dHEDGE DAO (DHT) 1,93$ 37,1% 61,4% 12.777.533$
Staff (FIS) 1,33$ 34,6% 71,9% 14.625.500$
Swerve (SWRV) 0,814763$ 32,9% 88,3% 8.331.284$
Acropolis (AKRO) 0,01799663$ 31,0% 58,5% 42.164.989$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, January 18, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, January 18, 2021 79.6 percent with YAM (YAM) happened. The total market value of the protocol $ 32,182,399 while reaching 1 YAM (YAM) from $ 2.94 started to change hands.

The second most valuable protocol in 24 hours is 37.1 percent with increase 1,93 was recorded as. dHEDGE DAO (DHT) 1,93 dolardan trading. 34.6 percent rising by Staff (FIS) protocol $ 1.33 level.

According to the shared data, 32.9 percent rising Swerve (SWRV) 0,814763 dolar and immediately after 31.0 percent growing Acropolis (AKRO) If protocol 0.01799663 dollars trading on.

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

Token Name Price 24s 7g Market value
Hedget (HGET) 3,45$ -11,1% 68,5% 6.030.485$
Wrong (FALSE) 6,08$ -6,5% -12,2% 25.564.054$
dForce Token (DF) 0,160195$ -6,4% 16,8% 19.774.530$
Maker (MKR) 1.422,25$ -4,0% -6,5% 1.279.873.099$
Gnosis (GNO) 107,76$ -3,4% -8,0% 162.379.660$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Monday, January 18, 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 $ 6,030,485 calculated as and 11.1 percent declining by Hedget (HGET) protocol $ 3.45 is traded as.

6.5 percent falling by Sai (SAI) from $ 6.08 while processing, 6.4 percent depreciating dForce Token (DF) if 0.160195 dollars level.

Also in the data, 4.0 percent falling Maker (MKR) protocol From $ 1,422.25 while changing hands 3.4 percent declining by Gnosis (GNO) $ 107.76 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 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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