Water does not stop in the DeFi sector: PERP increased by almost 80%

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

As of Friday, March 19, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 44.14 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 91.37 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
Perpetual Protocol (PERP) 14,49$ 76,6% 96,5% 490.581.880$
Hegic (HEGIC) 0,333065$ 21,2% 36,1% 127.975.190$
Enzyme (MLN) 60,96$ 19,9% 43,4% 79.236.520$
Orion Protocol (ORN) 25,12$ 19,5% 28,9% 518.701.080$
Bounce [old] (BOT) 3.851,44$ 19,0% 41,4% 136.219.907$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, March 19, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday morning, March 19, 2021 76.6 percent with Perpetual Protocol (PERP) happened. The total market value of the protocol $ 490,581,880 while reaching 1 Perpetual Protocol (PERP) 14,49 dolardan started to change hands.

The second most valuable protocol in 24 hours is 21.2 percent with increase Hegic (HEGIC) recorded as. # DEFIUP2 # from $ 0.333065 trading. 19.9 percent rising in the rate of Enzyme (MLN) protocol $ 60.96 level.

According to the shared data, 19.5 percent rising in the rate of Orion Protocol (ORN) 25,12 dolar and immediately after 19.0 percent growing Bounce [old] (BOT) If protocol $ 3,851.44 trading on.

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

Token Name Price 24s 7g Market value
Rari Governance Token (RGT) 16,36$ -19,5% -16,5% 140.227.194$
Beefy.Finance (BIFI) 2.312,11$ -13,0% 59,3% 175.720.719$
Frax Share (FXS) 9,92$ -12,7% -2,8% 77.135.226$
Mirror Protocol (MIR) 6,32$ -12,2% -10,2% 287.030.349$
HARD Protocol (HARD) 2,42$ -10,5% 44,1% 87.975.492$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, March 19, 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 $ 140,227,194 calculated as and 19.5 percent declining by Rari Governance Token (RGT) protocol $ 16.36 is traded as.

13.0 percent falling at the rate of Beefy.Finance (BIFI) at $ 2,312.11 while processing, 12.7 percent depreciating Frax Share (FXS) if $ 9.92 level.

Also in the data, 12.2 percent falling Mirror Protocol (MIR) protocol From $ 6.32 while changing hands 10.5 percent declining by HARD Protocol (HARD) 2,42 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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