DeFi market rolled over $ 55 billion

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

As of Wednesday, February 3, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 30.07 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 55.10 billion dollars calculated as.

The 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
bZx Protocol (BZRX) 0,397841$ 29,5% 16,0% 56.168.492$
ONE (ONE) 15,55$ 29,5% 40,5% 887.632.336$
Perpetual Protocol (PERP) 7,77$ 24,7% 35,1% 159.630.261$
xDAI Stake (STAKE) 20,38$ 24,4% 29,8% 80.470.968$
DIGG (DIGG) 28.697,04$ 21,2% -30,0% 38.626.826$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, February 3, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Wednesday morning, February 3, 2021 29.5 percent with bZx Protocol (BZRX) happened. The total market value of the protocol $ 56,168,492 while reaching 1 bZx Protocol (BZRX) from $ 0.397841 started to change hands.

The second most valuable protocol in 24 hours is 29.5 percent with increase 15,55 was recorded as. ONE (ONE) 15.55 dolardan trading. 24.7 percent rising by Perpetual Protocol (PERP) protocol $ 7.77 level.

According to the shared data, 24.4 percent rising xDAI Stake (STAKE) 20,38 dolar and immediately after 21.2 percent growing DIGG (DIGG) If protocol $ 28,697.04 trading on.

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

Token Name Price 24s 7g Market value
Basis Share (BAS) 92,72$ -26,9% 67,3% 32.930.796$
Harvest Finance (FARM) 239,07$ -17,7% 72,9% 107.656.892$
IDEX (IDEX) 0,072998$ -14,5% 62,4% 41.138.163$
Hegic (HEGIC) 0,303055$ -12,5% -14,0% 101.923.566$
GROWTH DeFi (GRO) 145,04$ -11,4% 108,1% 45.989.826$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Wednesday, February 3, 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 $ 32,930,796 calculated as and 26.9 percent declining by Basis Share (BAS) protocol $ 92.72 is traded as.

17.7 percent falling by Harvest Finance (FARM) from $ 239.07 while processing, 14.5 percent depreciating IDEX (IDEX) if $ 0.072998 level.

Also in the data, 12.5 percent falling Hegic (HEGIC) protocol From $ 0.303055 while changing hands 11.4 percent declining by GROWTH DeFi (GRO) 145,04 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 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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