COVER valued 150% in one week

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

As of Monday, February 15, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 37.92 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 75.35 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
Cover Protocol (COVER) 1.470,13$ 14,8% 150,4% 86.642.923$
Bounce (BOT) 2.251,40$ 12,0% 19,2% 66.120.277$
Venus (XVS) 41,50$ 11,0% 54,8% 350.401.185$
Bondly (BONDLY) 0,605652$ 8,6% 70,7% 62.392.781$
YAM (YAM) 5,73$ 5,5% 45,4% 67.291.648$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, February 15, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, February 15, 2021 14.8 percent with Cover Protocol (COVER) happened. The total market value of the protocol $ 86,642,923 while reaching 1 Cover Protocol (COVER) 1.470,13 dolardan started to change hands.

The second most valuable protocol in 24 hours is 12.0 percent with increase 2.251,40 was recorded as. Bounce (BOT) from $ 2,251.40 trading. 11.0 percent rising rate Venus (XVS) protocol $ 41.50 level.

According to the shared data, 8.6 percent rising Bondly (BONDLY) 0.605652 dollars and immediately after 5.5 percent growing YAM (YAM) If protocol $ 5.73 trading on.

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

Token Name Price 24s 7g Market value
Opium (OPIUM) 13,56$ -23,1% -27,3% 71.460.167$
HARD Protocol (HARD) 1,42$ -20,7% 3,7% 67.426.410$
bZx Protocol (BZRX) 0,571038$ -20,2% 32,2% 80.293.627$
Nest Protocol (NEST) 0,053233$ -18,8% 25,0% 101.399.171$
Tellor (TRB) 43,79$ -19,0% 22,0% 74.437.634$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Monday, February 15, 2021)

According to the data shared, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $ 71,460,167 calculated as and 23.1 percent declining by Opium (OPIUM) protocol $ 13.56 is traded as.

20.7 percent falling by HARD Protocol (HARD) from $ 1.42 while processing, 20.2 percent depreciating bZx Protocol (BZRX) if 0.571038 dollars level.

Also in the data, 18.8 percent falling Nest Protocol (NEST) protocol From $ 0.053233 while changing hands 19.0 percent declining by Tellor (TRB) $ ​​43.79 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.

Check Also

Mirror Protocol (MIR) rose 40 percent while most DeFi tokens fell

We share with you daily data of the decentralized finance (DeFi) ecosystem. As of Friday, …

Leave a Reply

Your email address will not be published. Required fields are marked *