DeFi market surpasses $ 100 billion – NMR and JST prices fly

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

As of Monday, April 5, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 50.15 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 103.62 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
Numeraire (NMR) 71,22$ 39,3% 54,9% 396.068.866$
JUST (JST) 0,186634$ 24,2% 101,2% 270.370.066$
Nest Protocol (NEST) 0,059596$ 17,2% 61,8% 118.493.267$
API3 (API3) 9,35$ 14,8% 49,1% 203.017.710$
Vesper Finance (VSP) 60,73$ 11,9% -4,7% 144.094.164$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, April 5, 2021)

The most valued DeFi protocol in the last 24 hours as of Monday morning, April 5, 2021 39.3 percent with Numeraire (NMR) happened. The total market value of the protocol $ 396,068,866 while reaching 1 Numeraire (NMR) from $ 71.22 started to change hands.

The second most valuable protocol in 24 hours is 24.2 percent with increase JUST (JST) recorded as. JUST (JST) from $ 0.186634 trading. 17.2 percent rising in the rate of Nest Protocol (NEST) protocol $ 0.059596 level.

According to the shared data, 14.8 percent rising in the rate of API3 (API3) 9.35 dollars and immediately after 11.9 percent growing Vesper Finance (VSP) If protocol $ 60.73 trading on.

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

Token Name Price 24s 7g Market value
Bounce [old] (BOT) 5.313,04$ -17,0% 62,1% 187.821.379$
Tribe (TRIBE) 1,90$ -14,8% 629.271.435$
Ampleforth (AMPL) 0,904675$ -11,3% 13,1% 256.700.297$
Bella Protocol (BEL) 4,87$ -8,9% 43,6% 139.102.038$
Empty Set Dollar (ESD) 0,205455$ -8,0% 40,3% 100.316.808$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, April 5, 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 $ 187,821,379 calculated as and 17.0 percent declining by Bounce [old] (BOT) protocol $ 5,313.04 is traded as.

14.8 percent falling at the rate of Tribe (TRIBE) 1,90 dolardan while processing, 11.3 percent depreciating Ampleforth (AMPL) if 0.904675 dollars level.

Also in the data, 8.9 percent falling Bella Protocol (BEL) protocol From $ 4.87 while changing hands 8.0 percent declining by Empty Set Dollar (ESD) 0,205455 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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