Total assets locked on DeFi market hit record

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

As of Monday, March 15, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 45.18 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 87.74 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
Keep Network (KEEP) 0,693031$ 17,2% 72,6% 269.654.352$
Balancer (BAL) 55,53$ 16,9% 25,8% 599.716.947$
Bella Protocol (BEL) 3,33$ 13,8% 21,3% 93.490.655$
Frax Share (FXS) 14,58$ 13,4% 97,0% 110.525.858$
RAMP (RAMP) 0,490712$ 12,5% 105,2% 65.966.883$

DeFi protocols that gain the most in 24 hours. Source: CoinGecko (Monday, March 15, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, March 15, 2021 17.2 percent with Keep Network (KEEP) happened. The total market value of the protocol $ 269,654,352 while reaching 1 Keep Network (KEEP) at $ 0.693031 started to change hands.

The second most valuable protocol in 24 hours is 16.9 percent with increase Balancer (BAL) recorded as. Balancer (BAL) from $ 55.53 trading. 13.8 percent rising in the rate of Bella Protocol (BEL) protocol $ 3.33 level.

According to the shared data, 13.4 percent rising in the rate of Frax Share (FXS) 14,58 dolar and immediately after 12.5 percent growing RAMP (RAMP) If protocol $ 0.490712 trading on.

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

Token Name Price 24s 7g Market value
pNetwork (PNT) 1,98$ -16,6% 8,2% 74.720.331$
BarnBridge (BOND) 76,71$ -13,2% 26,6% 104.180.539$
Unit Protocol New (DUCK) 0,327791$ -11,0% 14,8% 66.570.266$
Trustswap (SWAP) 2,84$ -10,7% -25,5% 183.443.531$
Rari Governance Token (RGT) 18,95$ -8,7% -4,4% 162.429.637$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, March 15, 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 $ 74,720,331 calculated as and 16.6 percent declining by pNetwork (PNT) protocol $ 1.98 is traded as.

13.2 percent falling at the rate of BarnBridge (BOND) at $ 76.71 while processing, 11.0 percent depreciating Unit Protocol New (DUCK) if 0.327791 dollars level.

Also in the data, 10.7 percent falling Trustswap (SWAP) protocol From $ 2.84 while changing hands 8.7 percent declining by Rari Governance Token (RGT) 18,95 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 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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