DeFi market reaches $ 90 billion

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

As of Monday, March 29, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 40.66 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 89.92 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
Acropolis (AKRO) 0,075604$ 29,4% 14,4% 204.592.480$
Mirror Protocol (MIR) 8,32$ 19,0% 14,6% 410.633.923$
Harvest Finance (FARM) 296,02$ 16,1% 10,6% 148.136.028$
The Graph (GRT) 1,73$ 13,6% 2,0% 2.119.705.767$
Keep Network (KEEP) 0,678888$ 11,1% 3,2% 279.541.902$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, March 29, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, March 29, 2021 29.4 percent with Acropolis (AKRO) happened. The total market value of the protocol $ 204,592,480 while reaching 1 Acropolis (AKRO) from $ 0.075604 started to change hands.

The second most valuable protocol in 24 hours is 19.0 percent with increase Mirror Protocol (MIR) recorded as. Mirror Protocol (MIR) from $ 8.32 trading. 16.1 percent rising in the rate of Harvest Finance (FARM) protocol $ 296.02 level.

According to the shared data, 13.6 percent rising in the rate of The Graph (GRT) 1,73 dolar and immediately after 11.1 percent growing Keep Network (KEEP) If protocol 0.678888 dollars trading on.

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

Token Name Price 24s 7g Market value
DIGG (DIGG) 48.915,52$ -17,1% 19,9% 85.114.110$
Auto (AUTO) 3.866,97$ -13,7% -7,2% 89.507.808$
Venus (XVS) 48,41$ -11,6% 12,0% 443.896.557$
PancakeSwap (CAKE) 16,70$ -9,2% 65,0% 2.433.170.488$
Rari Governance Token (RGT) 13,67$ -8,9% -23,3% 117.357.789$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, March 29, 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 $ 85,114,110 calculated as and 17.1 percent declining by DIGG (DIGG) protocol $ 48,915.52 is traded as.

13.7 percent falling at the rate of Auto (AUTO) from $ 3,866.97 while processing, 11.6 percent depreciating Venus (XVS) if $ 48.41 level.

Also in the data, 9.2 percent falling PancakeSwap (CAKE) protocol From $ 16.70 while changing hands 8.9 percent declining by Rari Governance Token (RGT) 13,67 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 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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