Enzyme (MLN) flew, RAMP stumbled

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

As of Tuesday, March 23, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 41.61 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 92.80 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
Enzyme (MLN) 105,93$ 61,4% 126,0% 141.397.148$
AirSwap (AST) 0,582815$ 19,6% 112,4% 100.115.506$
Trustswap (SWAP) 3,11$ 16,8% 11,1% 200.840.575$
Tellor (TRB) 64,44$ 14,6% 31,9% 79.176.215$
Augur (REP) 37,61$ 12,9% 28,2% 221.576.801$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, March 23, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday morning, March 23, 2021 61.4 percent with Enzyme (MLN) happened. The total market value of the protocol $ 141,397,148 while reaching 1 Enzyme (MLN) from $ 105.93 started to change hands.

The second most valuable protocol in 24 hours is 19.6 percent with increase AirSwap (AST) recorded as. AirSwap (AST) from $ 0.582815 trading. 16.8 percent rising in the rate of Trustswap (SWAP) protocol $ 3.11 level.

According to the shared data, 14.6 percent rising in the rate of Tellor (TRB) $ ​​64.44 and immediately after 12.9 percent growing Augur (REP) If protocol $ 37.61 trading on.

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

Token Name Price 24s 7g Market value
RAMP (RAMP) 0,552902$ -21,8% 11,1% 74.510.700$
Linear (LINA) 0,135266$ -17,4% 48,4% 309.730.850$
Frax Share (FXS) 7,92$ -16,7% -44,5% 71.354.713$
pNetwork (PNT) 2,21$ -15,8% 7,5% 83.789.273$
STP Network (STPT) 0,085681$ -15,7% 12,9% 87.814.855$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, March 23, 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 $ 74,510,700 calculated as and 21.8 percent declining by RAMP (RAMP) protocol $ 0.552902 is traded as.

17.4 percent falling at the rate of Linear (LINA) from $ 0.135266 while processing, 16.7 percent depreciating Frax Share (FXS) if $ 7.92 level.

Also in the data, 15.8 percent falling pNetwork (PNT) protocol From $ 2.21 while changing hands 15.7 percent declining by STP Network (STPT) $ 0.085681 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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