LUNA and RGT prices increased by more than 50% in 24 hours!

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

As of Tuesday, February 9, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem 36.93 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 69.06 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
Earth (MOON) 5,17$ 61,0% 189,2% 2.522.627.039$
Rari Governance Token (RGT) 7,35$ 55,8% 100,4% 63.464.693$
Hegic (HEGIC) 0,414902$ 43,8% 42,7% 138.961.806$
Trustswap (SWAP) 1,30$ 43,4% 36,8% 83.136.885$
Venus (XVS) 36,00$ 38,4% 215,3% 301.478.108$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, February 9, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday, February 9, 2021 61.0 percent with Earth (MOON) happened. The total market value of the protocol $ 2,522,627,039 while reaching 1 Terra (LUNA) from $ 5.17 started to change hands.

The second most valuable protocol in 24 hours is 55.8 percent with increase 7,35 was recorded as. Rari Governance Token (RGT) at $ 7.35 trading. 43.8 percent rising rate Hegic (HEGIC) protocol 0.414902 dollars level.

According to the shared data, 43.4 percent rising Trustswap (SWAP) 1,30 dolar and immediately after 38.4 percent growing Venus (XVS) If protocol $ 36.00 trading on.

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

Token Name Price 24s 7g Market value
Harvest Finance (FARM) 240,16$ -14,1% -3,0% 107.947.960$
Tokenlon (LON) 6,31$ -6,9% -22,8% 124.472.663$
HARD Protocol (HARD) 1,42$ -6,4% 66,2% 67.721.781$
0x (ZRX) 1,50$ -5,7% 119,5% 1.125.192.873$
DODO (DODO) 1,50$ -5,2% -14,2% 50.500.644$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Tuesday, February 9, 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 $ 107,947,960 calculated as and 14.1 percent declining by Harvest Finance (FARM) protocol $ 240.16 is traded as.

6.9 percent falling by Tokenlon (LON) from $ 6.31 while processing, 6.4 percent depreciating HARD Protocol (HARD) if $ 1.42 level.

Also in the data, 5.7 percent falling 0x (ZRX) protocol From $ 1.50 while changing hands 5.2 percent declining by DODO (DODO) 1,50 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 management 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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