DeFi market exceeded $ 75 billion

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

As of Wednesday, February 10, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 39.15 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 75.39 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
PancakeSwap (CAKE) 6,80$ 52,8% 185,7% 752.280.931$
Unifi Protocol DAO (UNFI) 28,62$ 42,2% 178,7% 69.298.083$
Earth (MOON) 6,87$ 32,6% 196,1% 3.316.373.981$
Rocket Pool (RPL) 5,80$ 29,5% 27,3% 92.629.293$
Orion Protocol (ORN) 6,09$ 26,4% 46,9% 102.277.032$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, February 10, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Wednesday morning, February 10, 2021 52.8 percent with PancakeSwap (CAKE) happened. The total market value of the protocol $ 752,280,931 while reaching 1 PancakeSwap (CAKE) from $ 6.80 started to change hands.

The second most valuable protocol in 24 hours is 42.2 percent with increase 28,62 was recorded as. Unifi Protocol DAO (UNFI) from $ 28.62 trading. 32.6 percent rising rate Earth (MOON) protocol $ 6.87 level.

According to the shared data, 29.5 percent rising Rocket Pool (RPL) 5,80 dolar and immediately after 26.4 percent growing Orion Protocol (ORN) If protocol $ 6.09 trading on.

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

Token Name Price 24s 7g Market value
BarnBridge (BOND) 51,57$ -19,2% -9,7% 84.189.497$
Hegic (HEGIC) 0,376165$ -10,5% 15,7% 126.174.497$
Injective Protocol (INJ) 14,90$ -10,0% 26,0% 200.703.059$
88mph (MPH) 155,87$ -9,2% 14,1% 43.647.278$
Opium (OPIUM) 17,99$ -9,0% -6,1% 93.173.121$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Wednesday, February 10, 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 $ 84,189,497 calculated as and 19.2 percent declining by BarnBridge (BOND) protocol $ 51.57 is traded as.

10.5 percent falling by Hegic (HEGIC) from $ 0.376165 while processing, 10.0 percent depreciating Injective Protocol (INJ) if $ 14.90 level.

Also in the data, 9.2 percent falling 88mph (MPH) protocol From $ 155.87 while changing hands 9.0 percent declining by Opium (OPIUM) 17,99 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 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 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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