Price increases in the last 24 hours reached 55%

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

As of Friday, January 29, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 26.16 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 46.74 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
Leverj Gluon (L2) 0,116924$ 54,9% 97,0% 30.222.787$
dHEDGE DAO (DHT) 2,65$ 42,0% 36,2% 29.790.715$
DODO (DODO) 1,44$ 41,5% 184,4% 45.568.234$
Earth (MOON) 1,58$ 35,3% 99,4% 750.998.228$
Tokenlon (LON) 6,76$ 33,1% 205,7% 126.091.366$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, January 29, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Friday morning, January 29, 2021 54.9 percent with Leverj Gluon (L2) happened. The total market value of the protocol $ 30,222,787 while reaching 1 Leverj Gluon (L2) 0.116924 dollars started to change hands.

The second most valuable protocol in 24 hours is 42.0 percent with increase 2,65 was recorded as. dHEDGE DAO (DHT) 2,65 dolardan trading. 41.5 percent rising rate DODO (DODO) protocol $ 1.44 level.

According to the shared data, 35.3 percent rising Terra (LUNA) $ 1.58 and immediately after 33.1 percent growing Tokenlon (LON) If protocol $ 6.76 trading on.

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

Token Name Price 24s 7g Market value
Empty Set Dollar (ESD) 0,198607$ -26,4% -49,4% 87.111.491$
Acropolis (AKRO) 0,01855471$ -13,0% 37,8% 47.194.436$
HARD Protocol (HARD) 0,764841$ -11,7% 25,4% 36.717.941$
Tellor (TRB) 31,03$ -11,2% 30,8% 51.910.531$
Bella Protocol (BEL) 1,50$ -10,2% 2,7% 33.767.183$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Friday, January 29, 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 $ 87,111,491 calculated as and 26.4 percent declining by Empty Set Dollar (ESD) protocol 0.198607 dollars is traded as.

13.0 percent falling by Acropolis (AKRO) from $ 0.01855471 while processing, 11.7 percent depreciating HARD Protocol (HARD) if 0.764841 dollars level.

Also in the data, 11.2 percent falling Tellor (TRB) protocol From $ 31.03 while changing hands 10.2 percent declining by Bella Protocol (BEL) 1.50 dollars 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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