DeFi saw $ 85 billion

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

As of Monday, March 8, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 39.17 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 85.04 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
BSCEX (BSCX) 22,83$ 29,6% 51,4% 85.388.508$
Raydium (RAY) 8,72$ 24,1% 51,9% 117.900.732$ (YFI) 40.614,75$ 18,5% 32,6% 1.463.431.398$ (SFI) 2.937,46$ 18,1% 53,5% 235.478.015$
REN (REN) 1,25$ 17,4% 21,0% 1.098.739.452$

The most valuable DeFi protocols in 24 hours. Source: CoinGecko (Monday, March 8, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, March 8, 2021 29.6 percent with BSCEX (BSCX) happened. The total market value of the protocol $ 85,388,508 while reaching 1 BSCEX (BSCX) from $ 22.83 started to change hands.

The second most valuable protocol in 24 hours is 24.1 percent with increase 8,72 recorded as. Raydium (RAY) from $ 8.72 trading. 18.5 percent rising in the rate of (YFI) protocol $ 40,614.75 level.

According to the shared data, 18.1 percent rising in the rate of (SFI) $ 2,937.46 and immediately after 17.4 percent growing REN (REN) If protocol $ 1.25 trading on.

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

Token Name Price 24s 7g Market value
Inverse Finance (INV) 1.592,43$ -10,6% 60.501.167$
Cream (CREAM) 119,42$ -8,8% 2,1% 76.514.233$
Bondly (BONDLY) 0,415225$ -8,8% -20,1% 61.180.687$
Perpetual Protocol (PERP) 5,47$ -8,6% 18,2% 120.642.609$
NFTX (NFTX) 318,65$ -8,5% 38,5% 134.562.160$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, March 8, 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 $ 60,501,167 calculated as and 10.6 percent declining by Inverse Finance (INV) protocol $ 1,592.43 is traded as.

8.8 percent falling at the rate of Cream (CREAM) from $ 119.42 while processing, 8.8 percent depreciating Bondly (BONDLY) if 0.415225 dollars level.

Also in the data, 8.6 percent falling Perpetual Protocol (PERP) protocol From $ 5.47 while changing hands 8.5 percent declining by NFTX (NFTX) 318.65 dollars 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 addition to providing decentralized financial services, DeFi structures also aim to provide trust to 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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