DeFi sector rise and fall – AUCTION – JST

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

As of Wednesday, April 7, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 51.81 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 107.19 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 (AUCTION) 48,18$ 16,7% 25,5% 110.746.041$
Tellor (TRB) 84,13$ 13,5% -2,1% 127.830.012$
Cream (CREAM) 170,01$ 13,0% 28,2% 114.335.819$
cBAT (CBAT) 0,02775362$ 11,2% 15,4% 170.063.227$
API3 (API3) 9,94$ 12,0% 17,1% 213.889.610$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, April 7, 2021)

The most valued DeFi protocol in the last 24 hours as of Wednesday morning, April 7, 2021 16.7 percent with Bounce (AUCTION) happened. The total market value of the protocol $ 110,746,041 while reaching 1 Bounce (AUCTION) 48,18 dolardan started to change hands.

The second most valuable protocol in 24 hours is 13.5 percent with increase Tellor (TRB) recorded as. Tellor (TRB) from $ 84.13 trading. 13.0 percent rising in the rate of Cream (CREAM) protocol $ 170.01 level.

According to the shared data, 11.2 percent rising in the rate of cBAT (CBAT) 0.02775362 dollar and immediately after 12.0 percent growing API3 (API3) If protocol $ 9.94 trading on.

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

Token Name Price 24s 7g Market value
JUST (JST) 0,136668$ -16,7% 37,9% 196.732.113$
Harvest Finance (FARM) 221,89$ -16,5% -18,0% 114.078.334$
Fei Protocol (FEI) 0,810260$ -14,5% 1.917.462.359$
STP Network (STPT) 0,092998$ -14,3% -3,1% 95.430.551$
saffron.finance (SFI) 1.542,27$ -13,9% 11,1% 123.504.505$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, April 7, 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 $ 196,732,113 calculated as and 16.7 percent declining by JUST (JST) protocol 0.136668 dollars is traded as.

16.5 percent falling at the rate of Harvest Finance (FARM) at $ 221.89 while processing, 14.5 percent depreciating Fei Protocol (FEI) if $ 0.810260 level.

Also in the data, 14.3 percent falling STP Network (STPT) protocol From $ 0.092998 while changing hands 13.9 percent declining by saffron.finance (SFI) $ 1,542.27 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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