DeFi sector rise and fall – DUCK – SFI

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

As of Wednesday, March 10, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 40.98 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 87.04 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
Unit Protocol New (DUCK) 0,342366$ 35,9% 7,7% 68.751.448$
Frax Share (FXS) 9,02$ 22,5% 19,7% 68.140.127$
Vesper Finance (VSP) 37,71$ 16,2% 30,7% 62.983.040$
BarnBridge (BOND) 67,50$ 12,5% 29,1% 91.680.975$
NFTX (NFTX) 293,99$ 10,5% 3,3% 123.273.501$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, March 10, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Wednesday morning, March 10, 2021 35.9 percent with Unit Protocol New (DUCK) happened. The total market value of the protocol $ 68,751,448 while reaching 1 Unit Protocol New (DUCK) at $ 0.342366 started to change hands.

The second most valuable protocol in 24 hours is 22.5 percent with increase 9,02 recorded as. Frax Share (FXS) 9,02 dolardan trading. 16.2 percent rising in the rate of Vesper Finance (VSP) protocol $ 37.71 level.

According to the shared data, 12.5 percent rising in the rate of BarnBridge (BOND), 67.50 and immediately after 10.5 percent growing NFTX (NFTX) If protocol $ 293.99 trading on.

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

Token Name Price 24s 7g Market value (SFI) 2.285,41$ -11,4% 12,7% 182.986.511$
Anyswap (ANY) 3,73$ -11,0% 30,6% 64.436.281$
GoalkeeperDAO (SMOKE) 373,31$ -10,8% -14,3% 126.786.205$
Keep Network (KEEP) 0,427841$ -10,3% 33,1% 166.214.110$
STP Network (STPT) 0,060815$ -8,9% 40,5% 62.372.270$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, March 10, 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 $ 182,986,511 calculated as and 11.4 percent declining by (SFI) protocol $ 2,285.41 is traded as.

11.0 percent falling at the rate of Anyswap (ANY) from $ 3.73 while processing, 10.8 percent depreciating GoalkeeperDAO (SMOKE) if $ 373.31 level.

Also in the data, 10.3 percent falling Keep Network (KEEP) protocol From $ 0.427841 while changing hands 8.9 percent declining by STP Network (STPT) $ 0.060815 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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