DeFi market exceeded $ 90 billion

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

As of Thursday, 18 March 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem 44.44 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 91.56 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
Linear (LINA) 0,186388$ 89,7% 97,2% 285.133.644$
Kyber Network (KNC) 2,98$ 36,6% 45,1% 607.473.441$
Bounce (AUCTION) 29,27$ 26,7% 33,4% 66.204.126$
Rari Governance Token (RGT) 20,20$ 23,6% 28,1% 172.732.861$
Bounce [old] (BOT) 3.195,81$ 20,4% 21,2% 111.782.306$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, March 18, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, March 18, 2021 89.7 percent with Linear (LINA) happened. The total market value of the protocol $ 285,133,644 while reaching 1 Linear (LINA) from $ 0.186388 started to change hands.

The second most valuable protocol in 24 hours is 36.6 percent with increase Kyber Network (KNC) recorded as. # DEFIUP2 # from $ 2.98 trading. 26.7 percent rising in the rate of Bounce (AUCTION) protocol $ 29.27 level.

According to the shared data, 23.6 percent rising in the rate of Rari Governance Token (RGT) 20,20 dolar and immediately after 20.4 percent growing Bounce [old] (BOT) If protocol $ 3,195.81 trading on.

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

Token Name Price 24s 7g Market value
dForce Token (DF) 0,467332$ -11,2% 33,5% 99.924.948$
Bondly (BONDLY) 0,587494$ -6,5% 35,0% 86.379.903$
Earth (MOON) 18,02$ -5,9% 61,6% 7.501.541.393$
UniLend Finance (UFT) 3,25$ -5,7% 13,8% 83.086.305$
bZx Protocol (BZRX) 0,593637$ -4,7% 13,5% 83.309.515$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, March 18, 2021)

According to shared data, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $ 99,924,948 calculated as and 11.2 percent declining by dForce Token (DF) protocol 0.467332 dollars is traded as.

6.5 percent falling at the rate of Bondly (BONDLY) from $ 0.587494 while processing, 5.9 percent depreciating Earth (MOON) if $ 18.02 level.

Also in the data, 5.7 percent falling UniLend Finance (UFT) protocol From $ 3.25 while changing hands 4.7 percent declining by bZx Protocol (BZRX) 0,593637 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 fulfilled,”

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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