AKRO and ZRX are valued more than 60% in 24 hours

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

As of Friday, February 5, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 33.51 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 64.44 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
Acropolis (AKRO) 0,03779607$ 61,3% 99,4% 95.734.917$
0x (ZRX) 1,21$ 61,1% 98,6% 923.736.582$
Bondly (BONDLY) 0,371582$ 53,0% 142,1% 38.120.341$
Rari Governance Token (RGT) 5,85$ 39,4% 246,1% 46.622.472$
REN (REN) 0,957401$ 34,8% 65,4% 832.508.087$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, February 5, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Friday morning, February 5, 2021 61.3 percent with Acropolis (AKRO) happened. The total market value of the protocol $ 95,734,917 while reaching 1 Acropolis (AKRO) from $ 0.03779607 started to change hands.

The second most valuable protocol in 24 hours is 61.1 percent with increase 1,21 was recorded as. 0x (ZRX) from $ 1.21 trading. 53.0 percent rising by Bondly (BONDLY) protocol $ 0.371582 level.

According to the shared data, 39.4 percent rising Rari Governance Token (RGT) 5,85 dolar and immediately after 34.8 percent growing REN (REN) If protocol $ 0.957401 trading on.

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

Token Name Price 24s 7g Market value
Empty Set Dollar (ESD) 0,237981$ -17,7% 11,2% 105.975.834$
Index Cooperative (INDEX) 28,93$ -12,9% 54,8% 35.856.038$
GROWTH DeFi (GRO) 148,73$ -12,6% 37,9% 49.759.881$
Bounce (BOT) 1.965,16$ -11,2% 107,6% 56.442.970$
GoalkeeperDAO (SMOKE) 557,28$ -9,4% 50,5% 190.202.535$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Friday, February 5, 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 $ 105,975,834 calculated as and 17.7 percent declining by Empty Set Dollar (ESD) protocol $ 0.237981 is traded as.

12.9 percent falling by Index Cooperative (INDEX) 28,93 dolardan while processing, 12.6 percent depreciating GROWTH DeFi (GRO) if $ 148.73 level.

Also in the data, 11.2 percent falling Bounce (BOT) protocol From $ 1,965.16 while changing hands 9.4 percent declining by KeeperDAO (ROOK) $ 557.28 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 new 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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