CAKE, SFI, BUNNY prices skyrocketed

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

As of Wednesday, April 21, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 56.27 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 110.87 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
PancakeSwap (CAKE) 27,61$ 25,5% 13,7%$ (SFI) 1.836,32$ 25,3% -5,3% 146.958.371$
Pancake Bunny (BUNNY) 398,31$ 24,5% -10,8% 203.229.490$
Beefy.Finance (BIFI) 2.257,13$ 24,5% 0,3% 171.541.994$
Venus (XVS) 84,00$ 22,5% 5,9% 801.342.727$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, April 21, 2021)

The most valued DeFi protocol in the last 24 hours as of Wednesday morning, April 21, 2021 25.5 percent with PancakeSwap (CAKE) happened. The total market value of the protocol $ 4,267,044,960 while reaching 1 PancakeSwap (CAKE) at $ 27.61 started to change hands.

The second most valuable protocol in 24 hours is 25.3 percent with increase (SFI) recorded as. (SFI) from $ 1,836.32 trading. 24.5 percent rising in the rate of Pancake Bunny (BUNNY) protocol $ 398.31 level.

According to the shared data, 24.5 percent rising in the rate of Beefy.Finance (BIFI) 2.257,13 dolar and immediately after 22.5 percent growing Venus (XVS) If protocol $ 84.00 trading on.

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

Token Name Price 24s 7g Market value
Harvest Finance (FARM) 225,30$ -7,9% -14,0% 119.071.515$
DriftDAO (DDX) 5,04$ -5,7% -12,9% 131.541.555$
Numeraire (NMR) 75,27$ -4,1% 2,9% 426.992.086$
Mirror Protocol (MIR) 8,88$ -3,1% -13,6% 506.748.345$
Ferrum Network (FRM) 0,687955$ -2,4% -18,6% 79.480.413$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, April 21, 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 $ 119,071,515 calculated as and 7.9 percent declining by Harvest Finance (FARM) protocol $ 225.30 is traded as.

5.7 percent falling at the rate of DerivaDAO (DDX) from $ 5.04 while processing, 4.1 percent depreciating Numeraire (NMR) if $ 75.27 level.

Also in the data, 3.1 percent falling Mirror Protocol (MIR) protocol From $ 8.88 while changing hands 2.4 percent declining by Ferrum Network (FRM) 0,687955 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 DeFi structures, besides providing decentralized financial services, it is also aimed 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 fulfilled,”

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

Bank of Korea Says First Phase of CBDC Test Completed Successfully

The Bank of Korea wrapped up the first phase of a central bank digital currency …

Leave a Reply

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