DeFi at $ 120 billion border – RUNE skyrocketed – SFI stumbles

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

As of Wednesday, April 14, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 55.33 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 119.61 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
THORChain (RUNE) 14,68$ 20,1% 48,0% 3.392.866.009$
Rari Governance Token (RGT) 19,70$ 18,7% 37,0% 171.756.879$
Beefy.Finance (BIFI) 2.425,89$ 17,2% 29,9% 184.451.994$
Chainlink (LINK) 37,43$ 13,8% 7,6% 15.743.817.956$
Tribe (TRIBE) 1,53$ 12,3% -10,4% 580.649.444$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, April 14, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Wednesday morning, April 14, 2021 20.1 percent with THORChain (RUNE) happened. The total market value of the protocol $ 3,392,866,009 while reaching 1 THORChain (RUNE) from $ 14.68 started to change hands.

The second most valuable protocol in 24 hours is 18.7 percent with increase Rari Governance Token (RGT) recorded as. Rari Governance Token (RGT) at $ 19.70 trading. 17.2 percent rising in the rate of Beefy.Finance (BIFI) protocol $ 2,425.89 level.

According to the shared data, 13.8 percent rising in the rate of Chainlink (LINK) 37,43 dolar and immediately after 12.3 percent growing Tribe (TRIBE) If protocol $ 1.53 trading on.

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

Token Name Price 24s 7g Market value (SFI) 1.863,05$ -9,7% 20,5% 149.128.310$
Linear (LINA) 0,132505$ -6,7% -0,2% 328.196.158$
Bounce (AUCTION) 54,53$ -6,3% 9,1% 126.213.187$
Ferrum Network (FRM) 0,855435$ -6,3% 1,8% 98.958.969$
Frontier (FRONT) 3,17$ -6,1% 8,4% 119.004.228$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, April 14, 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 $ 149,128,310 calculated as and 9.7 percent declining by (SFI) protocol $ 1,863.05 is traded as.

6.7 percent falling at the rate of Linear (LINA) from $ 0.132505 while processing, 6.3 percent depreciating Bounce (AUCTION) if $ 54.53 level.

Also in the data, 6.3 percent falling Ferrum Network (FRM) protocol From $ 0.855435 while changing hands 6.1 percent declining by Frontier (FRONT) 3,17 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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