LUNA and ZRX valued 120% in one week

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

As of Monday, February 8, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 33.41 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 64.56 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
Bella Protocol (BEL) 2,62$ 32,8% 61,8% 58.576.186$
Earth (MOON) 3,21$ 25,6% 118,7% 1.550.873.662$
0x (ZRX) 1,57$ 21,3% 125,8% 1.180.393.266$
Rari Governance Token (RGT) 4,74$ 21,1% 76,7% 37.688.746$
The Graph (GRT) 0,980722$ 19,9% 23,0% 1.191.153.299$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, February 8, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, February 8, 2021 32.8 percent with Bella Protocol (BEL) happened. The total market value of the protocol $ 58,576,186 while reaching 1 Bella Protocol (BEL) at $ 2.62 started to change hands.

The second most valuable protocol in 24 hours is 25.6 percent with increase 3,21 was recorded as. Terra (LUNA) from $ 3.21 trading. 21.3 percent rising by 0x (ZRX) protocol $ 1.57 level.

According to the shared data, 21.1 percent rising Rari Governance Token (RGT) 4,74 dolar and immediately after 19.9 percent growing The Graph (GRT) If protocol $ 0.980722 trading on.

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

Token Name Price 24s 7g Market value
GROWTH DeFi (GRO) 132,40$ -14,0% -14,9% 45.513.932$
Opium (OPIUM) 18,30$ -8,8% 9,8% 90.607.511$
Enzyme (MLN) 40,99$ -6,2% 14,5% 49.824.408$
Ampleforth (AMPL) 1,32$ -4,5% 18,0% 483.004.793$
Empty Set Dollar (ESD) 0,195186$ -3,9% -20,7% 86.640.885$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Monday, February 8, 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 $ 45,513,932 calculated as and 14.0 percent declining by GROWTH DeFi (GRO) protocol $ 132.40 is traded as.

8.8 percent falling by Opium (OPIUM) from $ 18.30 while processing, 6.2 percent depreciating Enzyme (MLN) if $ 40.99 level.

Also in the data, 4.5 percent falling Ampleforth (AMPL) protocol From $ 1.32 while changing hands 3.9 percent declining by Empty Set Dollar (ESD) 0,195186 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 fulfilled,”

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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