VSP and LINA go up CAKE and SUSHI decline

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

As of Thursday, March 11, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 41.27 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 84.60 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
Vesper Finance (VSP) 45,60$ 23,0% 43,2% 79.492.919$
Linear (LINA) 0,096278$ 18,8% 10,2% 142.025.991$
cBAT (CBAT) 0,01649608$ 13,4% 4,2% 106.658.138$
Venus (XVS) 51,31$ 10,5% 5,5% 452.011.320$
HARD Protocol (HARD) 1,56$ 8,9% -11,7% 84.085.957$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, March 11, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, March 11, 2021 23.0 percent with Vesper Finance (VSP) happened. The total market value of the protocol $ 79,492,919 while reaching 1 Vesper Finance (VSP) from $ 45.60 started to change hands.

The second most valuable protocol in 24 hours is 18.8 percent with increase 0,096278 recorded as. Linear (LINA) from $ 0.096278 trading. 13.4 percent rising in the rate of cBAT (CBAT) protocol 0.01649608 dollars level.

According to the shared data, 10.5 percent rising in the rate of Venus (XVS) $ 51.31 and immediately after 8.9 percent growing HARD Protocol (HARD) If protocol $ 1.56 trading on.

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

Token Name Price 24s 7g Market value
Alpha Finance (ALPHA) 1,58$ -9,4% -14,5% 395.070.338$
BSCEX (BSCX) 19,97$ -8,4% 26,2% 75.784.946$
Badger DAO (BADGER) 44,88$ -7,5% -17,3% 312.215.747$
PancakeSwap (CAKE) 12,44$ -6,9% -1,5% 1.639.564.676$
Sushi (SUSHI) 17,51$ -6,6% -0,0% 2.423.041.513$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, March 11, 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 $ 395,070,338 calculated as and 9.4 percent declining by Alpha Finance (ALPHA) protocol $ 1.58 is traded as.

8.4 percent falling at the rate of BSCEX (BSCX) from $ 19.97 while processing, 7.5 percent depreciating Badger DAO (BADGER) if $ 44.88 level.

Also in the data, 6.9 percent falling PancakeSwap (CAKE) protocol From $ 12.44 while changing hands 6.6 percent declining by Sushi (SUSHI) 17,51 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 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 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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