DeFi sector rising and falling – BUNNY – CREAM

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

As of Monday, 19 April 2021, DappRadar data shows the total amount of locked assets in the decentralized finance ecosystem. 64.65 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: DappRadar

TOP 5 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Pancake Bunny (BUNNY) 365,41$ 34,4% -11,6% 185.972.849$
Rari Governance Token (RGT) 23,55$ 29,0% 53,8% 206.819.855$
Enzyme (MLN) 102,65$ 24,2% 15,0% 136.633.272$
Unit Protocol New (DUCK) 0,440969$ 21,0% 9,6% 93.954.078$
ONE (ONE) 31,19$ 20,4% 15,0% 1.875.272.904$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, April 19, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, April 19, 2021 34.4 percent with Pancake Bunny (BUNNY) happened. The total market value of the protocol $ 185,972,849 while reaching 1 Pancake Bunny (BUNNY) from $ 365.41 started to change hands.

The second most valuable protocol in 24 hours is 29.0 percent with increase Rari Governance Token (RGT) recorded as. Rari Governance Token (RGT) at $ 23.55 trading. 24.2 percent rising in the rate of Enzyme (MLN) protocol $ 102.65 level.

According to the shared data, 21.0 percent rising in the rate of Unit Protocol New (DUCK) 0,440969 dolar and immediately after 20.4 percent growing ONE (ONE) If protocol $ 31.19 trading on.

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

Token Name Price 24s 7g Market value
Cream (CREAM) 126,89$ -19,0% -19,2% 87.096.806$
DriftDAO (DDX) 5,26$ -4,9% -9,2% 137.241.455$
Perpetual Protocol (PERP) 6,51$ -3,2% -18,6% 189.437.639$
Tribe (TRIBE) 1,13$ -2,7% -14,1% 432.892.225$
TrueFi (TRU) 0,366798$ -2,6% -23,3% 88.081.833$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, April 19, 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 $ 87,096,806 calculated as and 19.0 percent declining by Cream (CREAM) protocol $ 126.89 is traded as.

4.9 percent falling at the rate of DerivaDAO (DDX) from $ 5.26 while processing, 3.2 percent depreciating Perpetual Protocol (PERP) if $ 6.51 level.

Also in the data, 2.7 percent falling Tribe (TRIBE) protocol From $ 1.13 while changing hands 2.6 percent declining by TrueFi (TRU) $ 0.3666798 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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