DeFi sector rising and falling – 1INCH – TRIBE

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

As of Thursday, April 8, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 49.02 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 103.97 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
1inch (1INCH) 6,08$ 18,1% 40,6% 917.963.277$
Frontier (FRONT) 3,41$ 14,0% 16,8% 124.931.102$
PancakeSwap (CAKE) 20,02$ 11,5% 10,0% 2.985.556.852$
bZx Protocol (BZRX) 0,894688$ 10,9% 26,3% 125.777.884$
Bella Protocol (BEL) 5,46$ 10,1% 13,3% 155.491.466$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, April 8, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, April 8, 2021 18.1 percent with 1inch (1INCH) happened. The total market value of the protocol $ 917,963,277 while reaching 1 1inch (1INCH) from $ 6.08 started to change hands.

The second most valuable protocol in 24 hours is 14.0 percent with increase Frontier (FRONT) recorded as. Frontier (FRONT) from $ 3.41 trading. 11.5 percent rising in the rate of PancakeSwap (CAKE) protocol $ 20.02 level.

According to the shared data, 10.9 percent rising in the rate of bZx Protocol (BZRX) 0,894688 dolar and immediately after 10.1 percent growing Bella Protocol (BEL) If protocol $ 5.46 trading on.

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

Token Name Price 24s 7g Market value
Tribe (TRIBE) 1,32$ -18,0% 457.914.644$
Tellor (TRB) 74,26$ -11,7% -5,3% 114.884.857$
Ampleforth (AMPL) 0,943014$ -9,9% 9,7% 265.291.592$
Alchemix (ALCX) 1.702,44$ -9,9% -2,4% 261.625.147$
Cream (CREAM) 154,69$ -9,4% 23,1% 103.641.565$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, April 8, 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 $ 457,914,644 calculated as and 18.0 percent declining by Tribe (TRIBE) protocol $ 1.32 is traded as.

11.7 percent falling at the rate of Tellor (TRB) from $ 74.26 while processing, 9.9 percent depreciating Ampleforth (AMPL) if 0.943014 dollars level.

Also in the data, 9.9 percent falling Alchemix (ALCX) protocol From $ 1,702.44 while changing hands 9.4 percent declining by Cream (CREAM) $ 154.69 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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