DeFi market dips $ 10 billion – AMPL, JUST, INJ fall hard

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

As of Friday, April 23, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 55.77 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 103.57 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
Go Go) 0,957023$ 3,5% 9,1% 195.208.927$
Empty Set Dollar (ESD) 0,141099$ 1,9% -21,4% 72.167.210$
sUSD (SUSD) 1,02$ 1,2% 1,3% 219.633.266$
Liquity USD (LUSD) 1,02$ 0,6% -1,4% 1.480.634.133$
DriftDAO (DDX) 5,22$ 0,5% -13,5% 136.027.637$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, April 23, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday morning, April 23, 2021 3.5 percent with Go Go) happened. The total market value of the protocol $ 195,208,927 while reaching 1 Vai (VAI) from $ 0.957023 started to change hands.

The second most valuable protocol in 24 hours is 1.9 percent with increase Empty Set Dollar (ESD) recorded as. Empty Set Dollar (ESD) 0,141099 dolardan trading. 1.2 percent rising in the rate of sUSD (SUSD) protocol $ 1.02 level.

According to the shared data, 0.6 percent rising in the rate of Liquity USD (LUSD) 1,02 dolar and immediately after 0.5 percent growing DriftDAO (DDX) If protocol $ 5.22 trading on.

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

Token Name Price 24s 7g Market value
Ampleforth (AMPL) 0,946822$ -28,2% -15,8% 301.467.181$
JUST (JST) 0,093736$ -26,9% -48,7% 133.888.227$
bZx Protocol (BZRX) 0,580342$ -25,4% -41,1% 81.016.395$
Injective Protocol (INJ) 13,83$ -25,0% -3,1% 186.278.209$
Ellipsis (EPS) 1,76$ -24,5% -48,0% 149.196.745$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, April 23, 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 $ 301,467,181 calculated as and 28.2 percent declining by Ampleforth (AMPL) protocol $ 0.946822 is traded as.

26.9 percent falling at the rate of JUST (JST) from $ 0.093736 while processing, 25.4 percent depreciating bZx Protocol (BZRX) if $ 0.580342 level.

Also in the data, 25.0 percent falling Injective Protocol (INJ) protocol From $ 13.83 while changing hands 24.5 percent declining by Ellipsis (EPS) 1,76 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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