Latest situation in DeFi market: TRB and MIR rise – RGT and ALPHA fall badly

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

As of Tuesday, 20 April 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 52.68 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 104.39 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
Tellor (TRB) 84,21$ 13,3% 14,4% 132.887.989$
Mirror Protocol (MIR) 9,17$ 12,2% -5,5% 522.535.845$
Vesper Finance (VSP) 42,44$ 3,6% -5,3% 116.778.318$
Empty Set Dollar (ESD) 0,159513$ 2,2% -7,4% 79.614.347$
DriftDAO (DDX) 5,35$ 1,9% -6,2% 139.837.325$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, April 20, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday, April 20, 2021 13.3 percent with Tellor (TRB) happened. The total market value of the protocol $ 132,887,989 while reaching 1 Tellor (TRB) from $ 84.21 started to change hands.

The second most valuable protocol in 24 hours is 12.2 percent with increase Mirror Protocol (MIR) recorded as. Mirror Protocol (MIR) from $ 9.17 trading. 3.6 percent rising in the rate of Vesper Finance (VSP) protocol $ 42.44 level.

According to the shared data, 2.2 percent rising in the rate of Empty Set Dollar (ESD) 0,159513 dolar and immediately after 1.9 percent growing DriftDAO (DDX) If protocol $ 5.35 trading on.

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

Token Name Price 24s 7g Market value
Rari Gov. Token (RGT) 18,35$ -22,0% 12,8% 160.003.149$
Alpha Finance (ALPHA) 1,21$ -20,5% -25,8% 302.998.290$
Augur (REP) 36,09$ -19,6% -23,9% 230.432.772$
RAMP (RAMP) 0,505103$ -19,2% -38,5% 137.749.354$
Badger DAO (BADGER) 32,64$ -18,3% -19,9% 262.683.766$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, April 20, 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 $ 160,003,149 calculated as and 22.0 percent declining by Rari Governance Token (RGT) protocol $ 18.35 is traded as.

20.5 percent falling at the rate of Alpha Finance (ALPHA) from $ 1.21 while processing, 19.6 percent depreciating Augur (REP) if $ 36.09 level.

Also in the data, 19.2 percent falling RAMP (RAMP) protocol From $ 0.505103 while changing hands 18.3 percent declining by Badger DAO (BADGER) 32,64 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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