KAVA valued close to 80 percent overnight!

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

As of Friday, March 12, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 41.63 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 86.59 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
Kava.io (KAVA) 7,13$ 79,7% 77,3% 417.071.373$
HARD Protocol (HARD) 2,00$ 27,9% 33,9% 86.314.365$
Frax Share (FXS) 10,82$ 23,4% 57,8% 82.672.986$
Acropolis (AKRO) 0,04731907$ 20,8% 22,7% 124.172.075$
Tokenlon (LON) 7,88$ 18,8% 30,7% 172.275.393$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, March 12, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday, March 12, 2021 79.7 percent with Kava.io (KAVA) happened. The total market value of the protocol $ 417,071,373 while reaching 1 Kava.io (KAVA) from $ 7.13 started to change hands.

The second most valuable protocol in 24 hours is 27.9 percent with increase 2,00 recorded as. HARD Protocol (HARD) from $ 2.00 trading. 23.4 percent rising in the rate of Frax Share (FXS) protocol $ 10.82 level.

According to the shared data, 20.8 percent rising in the rate of Acropolis (AKRO) $ 0.04731907 and immediately after 18.8 percent growing Tokenlon (LON) If protocol $ 7.88 trading on.

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

Token Name Price 24s 7g Market value
Trustswap (SWAP) 2,79$ -9,0% -35,5% 180.287.872$
BSCEX (BSCX) 18,32$ -9,0% 6,0% 69.429.468$
Unifi Protocol DAO (UNFI) 32,22$ -8,4% 3,7% 78.807.448$
API3 (API3) 4,79$ -7,9% -1,5% 104.011.517$
xDAI Stake (STAKE) 21,36$ -7,1% -4,9% 87.122.593$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, March 12, 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 $ 180,287,872 calculated as and 9.0 percent declining by Trustswap (SWAP) protocol $ 2.79 is traded as.

9.0 percent falling at the rate of BSCEX (BSCX) from $ 18.32 while processing, 8.4 percent depreciating Unifi Protocol DAO (UNFI) if $ 32.22 level.

Also in the data, 7.9 percent falling API3 (API3) protocol From $ 4.79 while changing hands 7.1 percent declining by xDAI Stake (STAKE) 21,36 dolar 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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