DeFi industry reaches 80 billion dollars

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

As of Tuesday, February 16, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 40.39 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 79.57 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
REN (REN) 1,08$ 37,4% 33,2% 950.138.411$
Ferrum Network (FRM) 0,647653$ 31,6% 113,3% 74.304.983$
Bounce (BOT) 2.655,52$ 27,7% 38,2% 77.824.693$
Sushi (SUSHI) 17,20$ 24,7% 21,3% 2.192.410.359$
Bondly (BONDLY) 0,755430$ 23,7% 153,1% 78.974.564$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, February 16, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Tuesday, February 16, 2021 37.4 percent with REN (REN) happened. The total market value of the protocol $ 950,138,411 while reaching 1 REN (REN) from $ 1.08 started to change hands.

The second most valuable protocol in 24 hours is 31.6 percent with increase 0,647653 was recorded as. Ferrum Network (FRM) from $ 0.647653 trading. 27.7 percent rising rate Bounce (BOT) protocol $ 2,655.52 level.

According to the shared data, 24.7 percent rising Sushi (SUSHI) 17,20 dolar and immediately after 23.7 percent growing Bondly (BONDLY) If protocol 0.755430 dollars trading on.

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

Token Name Price 24s 7g Market value
DIGG (DIGG) 50.812,21$ -10,5% -21,0% 88.233.142$
Enzyme (MLN) 47,27$ -5,2% 8,4% 57.663.302$
Go Go) 0,988820$ -2,9% -2,5% 171.827.741$
sUSD (SUSD) 1,00$ -1,4% -2,2% 292.716.824$
Rari Governance Token (RGT) 11,56$ -1,1% 133,4% 93.162.322$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Tuesday, February 16, 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 $ 88,233,142 calculated as and 10.5 percent declining by DIGG (DIGG) protocol $ 50,812.21 is traded as.

5.2 percent falling by Enzyme (MLN) from $ 47.27 while processing, 2.9 percent depreciating Go Go) if $ 0.988820 level.

Also in the data, 1.4 percent falling sUSD (SUSD) protocol From $ 1.00 while changing hands 1.1 percent declining by Rari Governance Token (RGT) 11,56 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.

Check Also

DeFi industry ups and downs – DDX – WEX

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

Leave a Reply

Your email address will not be published.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