DeFi sector exceeds $ 110 billion – ROOK and XVS skyrocket, MIR crash

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

As of Tuesday, April 13, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 53.17 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 113.97 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
GoalkeeperDAO (SMOKE) 493,18$ 31,8% 31,6% 261.263.119$
Venus (XVS) 83,98$ 23,2% 54,6% 808.358.017$
Uniswap (UNI) 35,91$ 13,9% 16,4% 18.605.007.980$
CUNI (CUNI) 0,727473$ 14,8% 16,5% 396.915.601$
THORChain (RUNE) 12,21$ 13,2% 25,5% 2.844.611.957$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, April 13, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday, April 13, 2021 31.8 percent with GoalkeeperDAO (SMOKE) happened. The total market value of the protocol $ 261,263,119 while reaching 1 KeeperDAO (ROOK) from $ 493.18 started to change hands.

The second most valuable protocol in 24 hours is 23.2 percent with increase Venus (XVS) recorded as. Venus (XVS) at $ 83.98 trading. 13.9 percent rising in the rate of Uniswap (UNI) protocol $ 35.91 level.

According to the shared data, 14.8 percent rising in the rate of cUNI (CUNI) $ 0.727473 and immediately after 13.2 percent growing THORChain (RUNE) If protocol $ 12.21 trading on.

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

Token Name Price 24s 7g Market value
Mirror Protocol (MIR) 9,81$ -22,6% 13,9% 533.756.133$
IDEX (IDEX) 0,167854$ -12,2% 6,8% 97.194.815$
Alchemix (ALCX) 1.701,77$ -11,5% -8,6% 284.646.704$
Bounce (AUCTION) 58,24$ -10,6% 46,4% 134.507.605$
Linear (LINA) 0,141966$ -9,5% 6,7% 350.977.094$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, April 13, 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 $ 533,756,133 calculated as and 22.6 percent declining by Mirror Protocol (MIR) protocol $ 9.81 is traded as.

12.2 percent falling at the rate of IDEX (IDEX) 0,167854 dolardan while processing, 11.5 percent depreciating Alchemix (ALCX) if $ 1,701.77 level.

Also in the data, 10.6 percent falling Bounce (AUCTION) protocol From $ 58.24 while changing hands 9.5 percent declining by Linear (LINA) 0,141966 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.

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