DeFi reaches $ 95 billion, API3 and WNXM prices skyrocketed in 24 hours

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

As of Wednesday, March 31, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 44.48 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 95.04 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
API3 (API3) 8,68$ 34,3% 49,3% 189.338.570$
Wrapped NXM (WNXM) 59,47$ 28,9% 37,3% 101.202.611$
Perpetual Protocol (PERP) 8,67$ 17,7% 22,0% 250.311.041$
Pancake Bunny (BUNNY) 215,40$ 16,1% 26,9% 109.249.531$
0x (ZRX) 1,87$ 14,4% 24,2% 1.414.569.136$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, March 31, 2021)

The most valued DeFi protocol in the last 24 hours as of Wednesday morning, March 31, 2021 34.3 percent with API3 (API3) happened. The total market value of the protocol $ 189,338,570 while reaching 1 API3 (API3) from $ 8.68 started to change hands.

The second most valuable protocol in 24 hours is 28.9 percent with increase Wrapped NXM (WNXM) recorded as. Wrapped NXM (WNXM) 59,47 dolardan trading. 17.7 percent rising in the rate of Perpetual Protocol (PERP) protocol $ 8.67 level.

According to the shared data, 16.1 percent rising in the rate of Pancake Bunny (BUNNY) $ 215.40 and immediately after 14.4 percent growing 0x (ZRX) If protocol $ 1.87 trading on.

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

Token Name Price 24s 7g Market value
Rari Governance Token (RGT) 10,11$ -25,8% -25,7% 86.595.536$
Switcheo (SWTH) 0,075898$ -20,3% 28,5% 106.643.161$
Orion Protocol (ORN) 23,21$ -10,3% -11,4% 483.384.254$
IDEX (IDEX) 0,162846$ -7,9% 46,4% 94.151.599$
Polkastarter (POLS) 3,79$ -7,8% -0,5% 230.452.813$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, March 31, 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 $ 86,595,536 calculated as and 25.8 percent declining by Rari Governance Token (RGT) protocol $ 10.11 is traded as.

20.3 percent falling at the rate of Switcheo (SWTH) 0,075898 dolardan while processing, 10.3 percent depreciating Orion Protocol (ORN) if $ 23.21 level.

Also in the data, 7.9 percent falling IDEX (IDEX) protocol From $ 0.162846 while changing hands 7.8 percent declining by Polkastarter (POLS) 3,79 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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