DeFi sector rising and falling – RAMP – MLN

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

As of Thursday, March 25, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 41.00 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 82.10 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
RAMP (RAMP) 0,590820$ 13,1% 14,0% 79.793.776$
Vesper Finance (VSP) 60,12$ 9,5% 70,9% 128.167.161$
Badger DAO (BADGER) 39,84$ 8,8% -9,3% 307.144.713$
DriftDAO (DDX) 6,80$ 8,6% 3,6% 175.237.386$
IDEX (IDEX) 0,125071$ 5,6% 24,2% 72.041.760$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, March 25, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Thursday morning, March 25, 2021 13.1 percent with RAMP (RAMP) happened. The total market value of the protocol $ 79,793,776 while reaching 1 RAMP (RAMP) from $ 0.590820 started to change hands.

The second most valuable protocol in 24 hours is 9.5 percent with increase Vesper Finance (VSP) recorded as. Vesper Finance (VSP) from $ 60.12 trading. 8.8 percent rising in the rate of Badger DAO (BADGER) protocol $ 39.84 level.

According to the shared data, 8.6 percent rising in the rate of DerivaDAO (DDX) 6.80 dolar and immediately after 5.6 percent growing IDEX (IDEX) If protocol 0.125071 dollars trading on.

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

Token Name Price 24s 7g Market value
Enzyme (MLN) 67,44$ -16,0% 28,9% 90.084.454$
pNetwork (PNT) 1,98$ -15,0% -8,7% 74.669.383$
Alchemix (ALCX) 1.265,54$ -14,6% -35,3% 143.694.738$
Acropolis (AKRO) 0,04719284$ -14,1% -15,2% 127.196.637$
HARD Protocol (HARD) 1,77$ -14,2% -33,4% 79.420.585$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, March 25, 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 $ 90,084,454 calculated as and 16.0 percent declining by Enzyme (MLN) protocol $ 67.44 is traded as.

15.0 percent falling at the rate of pNetwork (PNT) from $ 1.98 while processing, 14.6 percent depreciating Alchemix (ALCX) if $ 1,265.54 level.

Also in the data, 14.1 percent falling Acropolis (AKRO) protocol From $ 0.04719284 while changing hands 14.2 percent declining by HARD Protocol (HARD) 1,77 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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