FRM and BOT prices increased by more than 20% in 24 hours

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

As of Thursday, March 4, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 39.89 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 73.83 billion dollars calculated as.

Total asset (USD) locked on DeFi. Source: DeFi Pulse

TOP 5 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Ferrum Network (FRM) 0,610989$ 27,7% 28,9% 70.232.555$
Bounce [old] (BOT) 2.882,22$ 21,4% -27,6% 84.646.771$
Bancor Network Token (BNT) 6,60$ 14,4% 16,2% 742.474.910$
Rocket Pool (RPL) 10,52$ 13,0% 6,0% 168.817.918$
APY.Finance (APY) 2,61$ 10,8% -5,9% 52.519.588$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, March 4, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, March 4, 2021 27.7 percent with Ferrum Network (FRM) happened. The total market value of the protocol $ 70,232,555 while reaching 1 Ferrum Network (FRM) from $ 0.610989 started to change hands.

The second most valuable protocol in 24 hours is 21.4 percent with increase 2.882,22 recorded as. Bounce [old] (BOT) from $ 2,882.22 trading. 14.4 percent rising in the rate of Bancor Network Token (BNT) protocol $ 6.60 level.

According to the shared data, 13.0 percent rising in the rate of Rocket Pool (RPL) 10,52 dolar and immediately after 10.8 percent growing APY.Finance (APY) If protocol $ 2.61 trading on.

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

Token Name Price 24s 7g Market value
Harvest Finance (FARM) 210,88$ -15,6% -24,2% 101.151.657$
Raydium (RAY) 6,60$ -10,8% -31,8% 87.500.900$
Curve DAO Token (CRV) 2,23$ -10,6% 3,1% 533.268.351$
Badger DAO (BADGER) 51,68$ -9,8% 16,0% 350.924.132$
Unifi Protocol DAO (UNFI) 33,88$ -9,2% 4,6% 83.018.679$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, March 4, 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 $ 101,151,657 calculated as and 15.6 percent declining by Harvest Finance (FARM) protocol $ 210.88 is traded as.

10.8 percent falling at the rate of Raydium (RAY) from $ 6.60 while processing, 10.6 percent depreciating Curve DAO Token (CRV) if $ 2.23 level.

Also in the data, 9.8 percent falling Badger DAO (BADGER) protocol From $ 51.68 while changing hands 9.2 percent declining by Unifi Protocol DAO (UNFI) $ 33.88 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 next-generation digital money infrastructures.

In DeFi structures, besides providing decentralized financial services, it is also aimed to provide trust to the participants. Because the absence of anyone 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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