DeFi update: RSR and DIA valued at 24% in 24 hours

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

As of Tuesday, March 16, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 42.12 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 85.15 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
Reserve Rights Token (RSR) 0,086812$ 23,8% 11,5% 1.128.313.280$
HE (DIA) 3,45$ 23,8% 33,9% 88.619.506$
Earth (MOON) 17,43$ 15,0% 81,2% 6.966.992.636$
Enzyme (MLN) 47,45$ 12,4% 16,0% 62.352.965$
Switcheo (SWTH) 0,050513$ 6,0% 47,1% 72.565.383$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, March 16, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday morning, March 16, 2021 23.8 percent with Reserve Rights Token (RSR) happened. The total market value of the protocol $ 1,128,313,280 while reaching 1 Reserve Rights Token (RSR) 0,086812 dolardan started to change hands.

The second most valuable protocol in 24 hours is 23.8 percent with increase HE (DIA) recorded as. # DEFIUP2 # from $ 3.45 trading. 15.0 percent rising in the rate of Earth (MOON) protocol $ 17.43 level.

According to the shared data, 12.4 percent rising in the rate of Enzyme (MLN) 47,45 dolar and immediately after 6.0 percent growing Switcheo (SWTH) If protocol $ 0.050513 trading on.

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

Token Name Price 24s 7g Market value
Frontier (FRONT) 2,58$ -15,3% 13,6% 95.116.800$
DODO (DODO) 4,09$ -14,9% 1,2% 411.683.482$
Harvest Finance (FARM) 175,95$ -14,9% -32,5% 85.774.361$
Keep Network (KEEP) 0,574182$ -14,4% 20,9% 224.568.319$
Unifi Protocol DAO (UNFI) 30,60$ -14,1% -9,0% 75.258.492$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, March 16, 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 $ 95,116,800 calculated as and 15.3 percent declining by Frontier (FRONT) protocol $ 2.58 is traded as.

14.9 percent falling at the rate of DODO (DODO) from $ 4.09 while processing, 14.9 percent depreciating Harvest Finance (FARM) if $ 175.95 level.

Also in the data, 14.4 percent falling Keep Network (KEEP) protocol From $ 0.574182 while changing hands 14.1 percent declining by Unifi Protocol DAO (UNFI) $ 30.60 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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