DeFi industry reaches 100 billion dollars

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

As of Friday, April 2, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 45.43 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 99.49 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
Bounce [old] (BOT) 4.607,03$ 30,2% 70,7% 162.944.138$
Pancake Bunny (BUNNY) 285,12$ 28,8% 81,3% 145.479.208$
Rari Governance Token (RGT) 13,78$ 27,7% 18,3% 118.159.992$
Cream (CREAM) 151,68$ 19,8% 45,3% 101.969.057$
DFI.money (YFII) 2.835,19$ 18,0% 39,6% 111.735.125$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, April 2, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday morning, April 2, 2021 30.2 percent with Bounce [old] (BOT) happened. The total market value of the protocol $ 162,944,138 while reaching 1 Bounce [old] (BOT) from $ 4,607.03 started to change hands.

The second most valuable protocol in 24 hours is 28.8 percent with increase Pancake Bunny (BUNNY) recorded as. Pancake Bunny (BUNNY) from $ 285.12 trading. 27.7 percent rising in the rate of Rari Governance Token (RGT) protocol $ 13.78 level.

According to the shared data, 19.8 percent rising in the rate of Cream (CREAM) $ 151.68 and immediately after 18.0 percent growing DFI.money (YFII) If protocol $ 2,835.19 trading on.

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

Token Name Price 24s 7g Market value
Tellor (TRB) 72,74$ -13,0% 50,0% 110.063.433$
Enzyme (MLN) 101,85$ -10,7% 36,0% 135.953.624$
Tokenlon (LON) 7,08$ -10,3% 8,8% 159.842.877$
API3 (API3) 8,98$ -8,7% 67,1% 196.055.225$
TrueFi (TRU) 0,468411$ -7,4% 32,0% 110.553.726$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, April 2, 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 $ 110,063,433 calculated as and 13.0 percent declining by Tellor (TRB) protocol $ 72.74 is traded as.

10.7 percent falling at the rate of Enzyme (MLN) from $ 101.85 while processing, 10.3 percent depreciating Tokenlon (LON) if $ 7.08 level.

Also in the data, 8.7 percent falling API3 (API3) protocol From $ 8.98 while changing hands 7.4 percent declining by TrueFi (TRU) $ 0.468411 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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