24 hour increments above 20%

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

As of Thursday, January 28, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 25.80 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 44.70 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
PancakeSwap (CAKE) 1,53$ 28,6% 104,4% 159.898.584$
Tellor (TRB) 34,93$ 27,4% 17,3% 58.243.630$
Value Liquidity (VALUE) 4,56$ 26,6% 52,4% 31.103.662$
BarnBridge (BOND) 51,60$ 23,3% 81,9% 61.402.777$
THORChain (RUNE) 2,76$ 20,9% 36,6% 638.051.421$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, January 28, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, January 28, 2021 28.6 percent with PancakeSwap (CAKE) happened. The total market value of the protocol $ 159,898,584 while reaching 1 PancakeSwap (CAKE) from $ 1.53 started to change hands.

The second most valuable protocol in 24 hours is 27.4 percent with increase 34,93 was recorded as. Tellor (TRB) from $ 34.93 trading. 26.6 percent rising rate Value Liquidity (VALUE) protocol $ 4.56 level.

According to the shared data, 23.3 percent rising BarnBridge (BOND), 51.60 and immediately after 20.9 percent growing THORChain (RUNE) If protocol $ 2.76 trading on.

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

Token Name Price 24s 7g Market value
DriftDAO (DDX) 9,44$ -14,7% 65,2% 246.906.085$
RAMP (RAMP) 0,294560$ -14,1% 38,9% 39.590.079$
Empty Set Dollar (ESD) 0,270350$ -8,4% -48,7% 119.768.706$
Synthetix Network Token (SNX) 15,53$ -8,0% -1,4% 2.220.050.549$
Trustswap (SWAP) 0,528045$ -7,5% -25,9% 34.418.241$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Thursday, January 28, 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 $ 246,906,085 calculated as and 14.7 percent declining by DriftDAO (DDX) protocol $ 9.44 is traded as.

14.1 percent falling by RAMP (RAMP) from $ 0.294560 while processing, 8.4 percent depreciating Empty Set Dollar (ESD) if $ 0.270350 level.

Also in the data, 8.0 percent falling Synthetix Network Token (SNX) protocol From $ 15.53 while changing hands 7.5 percent declining by Trustswap (SWAP) 0,528045 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 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 anyone 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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