DeFi market reaches 95 billion dollars – 5 tokens price skyrocketed

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

As of Tuesday, March 30, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 42.57 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 94.18 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) 112,69$ 27,0% -6,3% 152.837.096$
Venus (XVS) 61,39$ 24,4% 47,1% 562.150.589$
Bounce [old] (BOT) 3.539,91$ 23,6% -6,3% 125.201.386$
Tokenlon (LON) 8,29$ 21,1% 20,1% 184.211.791$
RAMP (RAMP) 0,773841$ 20,3% 31,4% 104.029.124$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, March 30, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Tuesday morning, March 30, 2021 27.0 percent with Enzyme (MLN) happened. The total market value of the protocol $ 152,837,096 while reaching 1 Enzyme (MLN) from $ 112.69 started to change hands.

The second most valuable protocol in 24 hours is 24.4 percent with increase Venus (XVS) recorded as. Venus (XVS) at $ 61.39 trading. 23.6 percent rising in the rate of Bounce [old] (BOT) protocol $ 3,539.91 level.

According to the shared data, 21.1 percent rising in the rate of Tokenlon (LON) $ 8.29 and immediately after 20.3 percent growing RAMP (RAMP) If protocol 0.773841 dollars trading on.

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

Token Name Price 24s 7g Market value
saffron.finance (SFI) 1.289,29$ -6,2% -11,6% 103.053.900$
Switcheo (SWTH) 0,096200$ -4,8% 58,6% 123.225.803$
Linear (LINA) 0,143640$ -4,1% 0,5% 343.393.215$
Mirror Protocol (MIR) 8,11$ -3,8% 9,6% 403.737.779$
Acropolis (AKRO) 0,072205$ -3,8% 20,7% 196.254.880$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, March 30, 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 $ 103,053,900 calculated as and 6.2 percent declining by saffron.finance (SFI) protocol $ 1,289.29 is traded as.

4.8 percent falling at the rate of Switcheo (SWTH) 0,096200 dolardan while processing, 4.1 percent depreciating Linear (LINA) if 0.143640 dollars level.

Also in the data, 3.8 percent falling Mirror Protocol (MIR) protocol From $ 8.11 while changing hands 3.8 percent declining by Acropolis (AKRO) $ 0.072205 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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