DeFi market is 85 billion dollars!

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

As of Thursday, 18 February 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 41.71 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 84.55 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
Unit Protocol New (DUCK) 0,406179$ 125,2% 130,5% 84.575.621$
Frontier (FRONT) 5,15$ 104,7% 415,5% 123.091.875$
dForce Token (DF) 0,534568$ 98,9% 106,6% 66.617.179$
Empty Set Dollar (ESD) 0,354075$ 87,6% 89,0% 161.080.221$
Rari Governance Token (RGT) 12,99$ 42,3% 39,0% 111.342.356$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, February 18, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Thursday morning, February 18, 2021 125.2 percent with Unit Protocol New (DUCK) happened. The total market value of the protocol $ 84,575,621 while reaching 1 Unit Protocol New (DUCK) from $ 0.406179 started to change hands.

The second most valuable protocol in 24 hours is 104.7 percent with increase 5,15 was recorded as. Frontier (FRONT) from $ 5.15 trading. 98.9 percent rising rate dForce Token (DF) protocol $ 0.534568 level.

According to the shared data, 87.6 percent rising Empty Set Dollar (ESD) 0,354075 dolar and immediately after 42.3 percent growing Rari Governance Token (RGT) If protocol $ 12.99 trading on.

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

Token Name Price 24s 7g Market value
Polkastarter (POLS) 5,70$ -13,6% 143,9% 320.621.663$
Ferrum Network (FRM) 0,655254$ -1,3% 81,4% 75.859.715$
sUSD (SUSD) 1,01$ -0,7% 0,4% 261.138.612$
Mirror Protocol (MIR) 4,48$ -0,5% -9,9% 158.973.344$
Aave TUSD (ATUSD) 1,00$ -0,4% -0,2% 245.267.245$

DeFi protocols that lost the most in 24 hours. Source: CoinGecko (Thursday, February 18, 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 $ 320,621,663 calculated as and 13.6 percent declining by Polkastarter (POLS) protocol $ 5.70 is traded as.

1.3 percent falling by Ferrum Network (FRM) from $ 0.655254 while processing, 0.7 percent depreciating sUSD (SUSD) if $ 1.01 level.

Also in the data, 0.5 percent falling Mirror Protocol (MIR) protocol From $ 4.48 while changing hands 0.4 percent declining by Aave TUSD (ATUSD) 1,00 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 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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