DeFi protocols NRV, MKR and INJ rose fast – BIFI crash

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

As of Thursday, April 22, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem 57.27 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 114.94 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
Nerve Finance (NRV) 3,36$ 34,5% -11,9% 91.897.085$
Maker (MKR) 4.447,01$ 22,9% 65,9% 3.977.911.276$
Injective Protocol (INJ) 16,98$ 22,2% 27,8% 229.826.878$
Uniswap (UNI) 36,53$ 14,4% 1,2% 19.007.643.697$
CUNI (CUNI) 0,735760$ 14,2% 0,8% 425.783.524$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, April 22, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, April 22, 2021 34.5 percent with Nerve Finance (NRV) happened. The total market value of the protocol $ 91,897,085 while reaching 1 Nerve Finance (NRV) from $ 3.36 started to change hands.

The second most valuable protocol in 24 hours is 22.9 percent with increase Maker (MKR) recorded as. Maker (MKR) from $ 4,447.01 trading. 22.2 percent rising in the rate of Injective Protocol (INJ) protocol $ 16.98 level.

According to the shared data, 14.4 percent rising in the rate of Uniswap (UNI) 36.53 dollars and immediately after 14.2 percent growing CUNI (CUNI) If protocol $ 0.735760 trading on.

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

Token Name Price 24s 7g Market value
Beefy.Finance (BIFI) 1.586,44$ -40,1% -35,4% 120.374.019$
Ellipsis (EPS) 2,31$ -16,0% -34,6% 178.600.041$
Belt (BELT) 96,30$ -15,1% -27,8% 87.752.349$ (SFI) 1.605,60$ -13,5% -11,1% 128.521.191$
STP Network (STPT) 0,079213$ -12,0% -7,5% 81.206.789$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, April 22, 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 $ 120,374,019 calculated as and 40.1 percent declining by Beefy.Finance (BIFI) protocol $ 1,586.44 is traded as.

16.0 percent falling at the rate of Ellipsis (EPS) from $ 2.31 while processing, 15.1 percent depreciating Belt (BELT) if $ 96.30 level.

Also in the data, 13.5 percent falling (SFI) protocol From $ 1,605.60 while changing hands 12.0 percent declining by STP Network (STPT) $ 0.079213 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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