Market value is 47 billion dollars!

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

As of Monday, January 25, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 26.48 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 46.99 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
Tokenlon (LON) 4,81$ 49,1% 92,9% 90.186.906$
RAMP (RAMP) 0,341114$ 46,9% 48,2% 45.843.893$
Badger DAO (BADGER) 16,58$ 45,4% 31,0% 41.520.970$
IDEX (IDEX) 0,052568$ 43,4% 51,5% 29.786.226$
Venus (XVS) 8,47$ 26,9% 106,9% 31.349.977$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, January 25, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, January 25, 2021 49.1 percent with Tokenlon (LON) happened. The total market value of the protocol $ 90,186,906 while reaching 1 Tokenlon (LON) from $ 4.81 started to change hands.

The second most valuable protocol in 24 hours is 46.9 percent with increase 0,341114 was recorded as. RAMP (RAMP) from $ 0.341114 trading. 45.4 percent rising rate Badger DAO (BADGER) protocol $ 16.58 level.

According to the shared data, 43.4 percent rising IDEX (IDEX) 0,052568 dolar and immediately after 26.9 percent growing Venus (XVS) If protocol $ 8.47 trading on.

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

Token Name Price 24s 7g Market value
Empty Set Dollar (ESD) 0,259772$ -32,5% -61,1% 128.409.529$
88mph (MPH) 146,96$ -16,3% 61,0% 38.852.095$
Whiteheart (WHITE) 3.341,85$ -14,4% -5,1% 29.702.348$
Basis Share (BAS) 76,90$ -10,6% -30,8% 24.581.339$
Acropolis (AKRO) 0,01625930$ -7,6% 10,0% 39.470.688$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Monday, January 25, 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 $ 128,409,529 calculated as and 32.5 percent declining by Empty Set Dollar (ESD) protocol $ 0.259772 is traded as.

16.3 percent falling by 88mph (MPH) from $ 146.96 while processing, 14.4 percent depreciating Whiteheart (WHITE) if $ 3,341.85 level.

Also in the data, 10.6 percent falling Basis Share (BAS) protocol From $ 76.90 while changing hands 7.6 percent declining by Acropolis (AKRO) $ 0.01625930 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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