DeFi sector rising and falling – CRV MKR – RAMP RUNE

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

As of Friday, April 16, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 59.59 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 124.32 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
Curve DAO Token (CRV) 4,39$ 33,9% 42,9% 1.193.661.147$
Maker (MKR) 3.504,35$ 24,1% 64,6% 3.300.874.104$
Rari Governance Token (RGT) 24,05$ 19,4% 72,3% 209.683.064$
Trustswap (SWAP) 4,99$ 18,8% 15,3% 322.116.095$
DriftDAO (DDX) 6,84$ 18,1% 1,2% 178.295.943$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, April 16, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday morning, April 16, 2021 33.9 percent with Curve DAO Token (CRV) happened. The total market value of the protocol $ 1,193,661,147 while reaching 1 Curve DAO Token (CRV) at $ 4.39 started to change hands.

The second most valuable protocol in 24 hours is 24.1 percent with increase Maker (MKR) recorded as. Maker (MKR) from $ 3,504.35 trading. 19.4 percent rising in the rate of Rari Governance Token (RGT) protocol $ 24.05 level.

According to the shared data, 18.8 percent rising in the rate of Trustswap (SWAP) 4,99 dolar and immediately after 18.1 percent growing DriftDAO (DDX) If protocol $ 6.84 trading on.

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

Token Name Price 24s 7g Market value
RAMP (RAMP) 0,710318$ -12,4% 3,3% 95.488.296$
THORChain (RUNE) 13,61$ -12,3% 33,6% 3.160.790.470$
Vesper Finance (VSP) 46,21$ -10,5% -20,3% 122.331.939$
DODO (DODO) 4,67$ -9,3% 22,0% 522.014.981$
Auto (AUTO) 3.655,87$ -6,8% 3,8% 93.120.686$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, April 16, 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 $ 95,488,296 calculated as and 12.4 percent declining by RAMP (RAMP) protocol $ 0.710318 is traded as.

12.3 percent falling at the rate of THORChain (RUNE) from $ 13.61 while processing, 10.5 percent depreciating Vesper Finance (VSP) if $ 46.21 level.

Also in the data, 9.3 percent falling DODO (DODO) protocol From $ 4.67 while changing hands 6.8 percent declining by Auto (AUTO) $ 3,655.87 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.

Check Also

The total value of the DeFi market dropped by $10 billion in one day

We share with you daily data of the decentralized finance (DeFi) ecosystem. As of Tuesday, …

Leave a Reply

Your email address will not be published. Required fields are marked *