DeFi runs for $ 80 billion

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

As of Friday, February 12, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 39.57 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 78.89 billion dollars calculated as.

Total assets (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
APY.Finance (APY) 3,11$ 136,6% 127,3% 57.771.440$
The Graph (GRT) 2,42$ 73,6% 198,3% 2.972.766.215$
Amp (AMP) 0,03280652$ 65,9% 194,5% 1.199.317.019$
cBAT (CBAT) 0,01268124$ 37,2% 98,4% 61.060.815$
Nest Protocol (NEST) 0,065147$ 32,4% 60,2% 120.375.560$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, February 12, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Friday, February 12, 2021 136.6 percent with APY.Finance (APY) happened. The total market value of the protocol $ 57,771,440 while reaching 1 APY.Finance (APY) from $ 3.11 started to change hands.

The second most valuable protocol in 24 hours is 73.6 percent with increase 2,42 was recorded as. The Graph (GRT) 2,42 dolardan trading. 65.9 percent rising rate Amp (AMP) protocol 0.03280652 dollars level.

According to the shared data, 37.2 percent rising cBAT (CBAT) 0.01268124 dollar and immediately after 32.4 percent growing Nest Protocol (NEST) If protocol $ 0.065147 trading on.

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

Token Name Price 24s 7g Market value
cDAI (CDAI) 0,01706441$ -18,9% -18,6% 1.778.955.706$
Unifi Protocol DAO (UNFI) 26,12$ -14,3% 115,5% 63.751.106$
Trustswap (SWAP) 1,08$ -11,5% 22,6% 69.215.770$
PancakeSwap (CAKE) 6,31$ -8,3% 134,1% 711.518.255$
Venus (XVS) 38,92$ -7,4% 154,5% 325.323.875$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Friday, February 12, 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 $ 1,778,955,706 calculated as and 18.9 percent declining by cDAI (CDAI) protocol $ 0.01706441 is traded as.

14.3 percent falling by Unifi Protocol DAO (UNFI) from $ 26.12 while processing, 11.5 percent depreciating Trustswap (SWAP) if $ 1.08 level.

Also in the data, 8.3 percent falling PancakeSwap (CAKE) protocol From $ 6.31 while changing hands 7.4 percent declining by Venus (XVS) $ 38.92 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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