Locked-in value exceeds $ 51 billion – earned RGT, PNT and 1INCH

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

As of Tuesday, April 6, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 51.57 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 107.85 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
Rari Governance Token (RGT) 15,40$ 23,4% 13,5% 132.007.378$
pNetwork (PNT) 3,15$ 20,8% 29,2% 115.644.983$
1inch (1INCH) 5,36$ 19,5% 17,0% 805.776.871$
RAMP (RAMP) 0,720413$ 17,3% -1,4% 96.535.510$
DFI.money (YFII) 3.183,40$ 14,9% 36,0% 126.504.067$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, April 6, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Tuesday morning, April 6, 2021 23.4 percent with Rari Governance Token (RGT) happened. The total market value of the protocol $ 132,007,378 while reaching 1 Rari Governance Token (RGT) at $ 15.40 started to change hands.

The second most valuable protocol in 24 hours is 20.8 percent with increase pNetwork (PNT) recorded as. pNetwork (PNT) from $ 3.15 trading. 19.5 percent rising in the rate of 1inch (1INCH) protocol $ 5.36 level.

According to the shared data, 17.3 percent rising in the rate of RAMP (RAMP) 0,720413 dolar and immediately after 14.9 percent growing DFI.money (YFII) If protocol $ 3,183.40 trading on.

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

Token Name Price 24s 7g Market value
Bounce [old] (BOT) 4.033,89$ -24,3% 40,5% 142.672.942$
STP Network (STPT) 0,096435$ -16,8% 6,1% 112.867.668$
JUST (JST) 0,165914$ -12,3% 75,9% 239.810.477$
DriftDAO (DDX) 7,49$ -9,0% -4,2% 194.846.350$
Liquity USD (LUSD) 1,02$ -8,2% 171.181.511$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, April 6, 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 $ 142,672,942 calculated as and 24.3 percent declining by Bounce [old] (BOT) protocol $ 4,033.89 is traded as.

16.8 percent falling at the rate of STP Network (STPT) from $ 0.096435 while processing, 12.3 percent depreciating JUST (JST) if 0.165914 dollars level.

Also in the data, 9.0 percent falling DriftDAO (DDX) protocol From $ 7.49 while changing hands 8.2 percent declining by Liquity USD (LUSD) 1,02 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.

Check Also

DeFi industry ups and downs – DDX – WEX

We share with you daily data of the decentralized finance (DeFi) ecosystem. As of Wednesday, …

Leave a Reply

Your email address will not be published. Required fields are marked *