Venus (XVS) valued 140% in one week

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

As of Tuesday, January 26, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 25.56 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 44.80 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
Venus (XVS) 11,24$ 40,4% 140,2% 38.209.262$
bZx Protocol (BZRX) 0,384506$ 20,5% 27,8% 53.946.801$
BarnBridge (BOND) 38,40$ 16,5% 25,8% 47.109.762$
Value Liquidity (VALUE) 3,78$ 9,2% 8,1% 25.792.749$
DriftDAO (DDX) 9,70$ 8,2% 75,8% 254.284.747$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, January 26, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday morning, January 26, 2021 40.4 percent with Venus (XVS) happened. The total market value of the protocol $ 38,209,262 while reaching 1 Venus (XVS) at $ 11.24 started to change hands.

The second most valuable protocol in 24 hours is 20.5 percent with increase 0,384506 was recorded as. bZx Protocol (BZRX) from $ 0.384506 trading. 16.5 percent rising by BarnBridge (BOND) protocol $ 38.40 level.

According to the shared data, 9.2 percent rising Value Liquidity (VALUE) 3,78 dolar and immediately after 8.2 percent growing DriftDAO (DDX) If protocol $ 9.70 trading on.

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

Token Name Price 24s 7g Market value
Hegic (HEGIC) 0,320966$ -19,5% -4,1% 108.282.218$
Basis Cash (BAC) 0,450473$ -18,5% -17,2% 27.507.954$
Cream (CREAM) 162,43$ -17,9% -14,3% 81.119.670$
IDEX (IDEX) 0,04544928$ -15,9% 22,9% 25.697.827$
Nest Protocol (NEST) 0,04300096$ -14,6% 21,4% 80.202.215$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Tuesday, January 26, 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 $ 108,282,218 calculated as and 19.5 percent declining by Hegic (HEGIC) protocol 0.320966 dollars is traded as.

18.5 percent falling by Basis Cash (BAC) from $ 0.450473 while processing, 17.9 percent depreciating Cream (CREAM) if $ 162.43 level.

Also in the data, 15.9 percent falling IDEX (IDEX) protocol From $ 0.04544928 while changing hands 14.6 percent declining by Nest Protocol (NEST) 0,04300096 dolar 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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