Decentralized finance (DeFi) market reached 100 billion dollars!

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

As of Monday, March 22, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 43.52 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 96.57 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
pNetwork (PNT) 2,63$ 27,3% 26,1% 99.887.791$
Harvest Finance (FARM) 270,93$ 15,8% 33,0% 134.876.522$
Orion Protocol (ORN) 27,10$ 15,1% 54,5% 564.783.718$
Cream (CREAM) 131,97$ 14,9% 18,3% 86.141.071$
Bounce (AUCTION) 35,10$ 13,2% 40,4% 80.738.069$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, March 22, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, March 22, 2021 27.3 percent with pNetwork (PNT) happened. The total market value of the protocol $ 99,887,791 while reaching 1 pNetwork (PNT) from $ 2.63 started to change hands.

The second most valuable protocol in 24 hours is 15.8 percent with increase Harvest Finance (FARM) recorded as. Harvest Finance From $ 270.93 trading. 15.1 percent rising in the rate of Orion Protocol (ORN) protocol $ 27.10 level.

According to the shared data, 14.9 percent rising in the rate of Cream (CREAM) $ 131.97 and immediately after 13.2 percent growing Bounce (AUCTION) If protocol $ 35.10 trading on.

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

Token Name Price 24s 7g Market value
DriftDAO (DDX) 6,79$ -19,4% -1,7% 177.147.379$
Alchemix (ALCX) 1.669,71$ -12,2% -3,6% 178.075.348$
BarnBridge (BOND) 56,29$ -8,1% -35,5% 79.571.022$
Badger DAO (BADGER) 42,33$ -5,2% -10,3% 325.780.258$
Frontier (FRONT) 2,55$ -4,9% -18,3% 93.876.282$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, March 22, 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 $ 177,147,379 calculated as and 19.4 percent declining by DriftDAO (DDX) protocol $ 6.79 is traded as.

12.2 percent falling at the rate of Alchemix (ALCX) from $ 1,669.71 while processing, 8.1 percent depreciating BarnBridge (BOND) if $ 56.29 level.

Also in the data, 5.2 percent falling Badger DAO (BADGER) protocol From $ 42.33 while changing hands 4.9 percent declining by Frontier (FRONT) 2,55 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 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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