DeFi continues to grow – Balancer (BAL) and MTA skyrocketed overnight

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

As of Thursday, April 15, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 57.68 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 122.98 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
Balancer (BAL) 69,15$ 25,1% 36,9% 749.109.367$
mStable – Meta (MTA) 4,22$ 22,0% 70,9% 101.617.070$
Band Protocol (BAND) 19,24$ 11,6% 19,6% 512.625.173$
Wrapped NXM (WNXM) 66,74$ 11,5% 27,1% 121.599.649$
Harvest Finance (FARM) 267,90$ 11,3% 22,0% 139.350.205$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, April 15, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, April 15, 2021 25.1 percent with Balancer (BAL) happened. The total market value of the protocol $ 749,109,367 while reaching 1 Balancer (BAL) from $ 69.15 started to change hands.

The second most valuable protocol in 24 hours is 22.0 percent with increase mStable Governance Token: Meta (MTA) recorded as. mStable Governance Token: Meta (MTA) at $ 4.22 trading. 11.6 percent rising in the rate of Band Protocol (BAND) protocol $ 19.24 level.

According to the shared data, 11.5 percent rising in the rate of Wrapped NXM (WNXM) 66,74 dolar and immediately after 11.3 percent growing Harvest Finance (FARM) If protocol $ 267.90 trading on.

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

Token Name Price 24s 7g Market value
Mirror Protocol (MIR) 9,33$ -7,6% 4,3% 513.931.965$
Bounce (AUCTION) 51,49$ -6,7% 9,7% 119.024.956$
Pancake Bunny (BUNNY) 427,65$ -5,8% 72,1% 218.193.376$
PancakeSwap (CAKE) 23,36$ -5,9% 34,8% 3.585.879.052$
Frontier (FRONT) 2,97$ -5,6% -5,0% 111.450.540$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, April 15, 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 $ 513,931,965 calculated as and 7.6 percent declining by Mirror Protocol (MIR) protocol $ 9.33 is traded as.

6.7 percent falling at the rate of Bounce (AUCTION) 51,49 dolardan while processing, 5.8 percent depreciating Pancake Bunny (BUNNY) if $ 427.65 level.

Also in the data, 5.9 percent falling PancakeSwap (CAKE) protocol From $ 23.36 while changing hands 5.6 percent declining by Frontier (FRONT) 2,97 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 new 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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