Alpaca Finance (ALPACA) tripled its value in one week

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

As of Thursday, 29 April 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 64.29 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 124.58 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
Alpaca Finance (ALPACA) 2,04$ 39,7% 209,1% 131.880.618$
Nerve Finance (NRV) 3,87$ 37,9% 13,4% 112.066.064$
Keep Network (KEEP) 0,712790$ 30,4% 28,7% 300.257.663$
Injective Protocol (INJ) 21,44$ 20,9% 38,3% 288.571.686$
Ellipsis (EPS) 2,30$ 18,9% 0,2% 219.896.761$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Thursday, April 29, 2021)

The most valued DeFi protocol in the last 24 hours as of Thursday morning, April 29, 2021 39.7 percent with Alpaca Finance (ALPACA) happened. The total market value of the protocol $ 131,880,618 while reaching 1 Alpaca Finance (ALPACA) from $ 2.04 started to change hands.

The second most valuable protocol in 24 hours is 37.9 percent with increase Nerve Finance (NRV) recorded as. Nerve Finance (NRV) from $ 3.87 trading. 30.4 percent rising in the rate of Keep Network (KEEP) protocol $ 0.712790 level.

According to the shared data, 20.9 percent rising in the rate of Injective Protocol (INJ) 21,44 dolar and immediately after 18.9 percent growing Ellipsis (EPS) If protocol $ 2.30 trading on.

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

Token Name Price 24s 7g Market value
Pancake Bunny (BUNNY) 436,18$ -9,8% 10,1% 222.627.237$
saffron.finance (SFI) 1.436,53$ -9,0% -10,2% 114.841.489$
Unit Protocol New (DUCK) 0,483450$ -8,8% 22,9% 102.121.413$
Tribe (TRIBE) 1,32$ -6,1% -1,6% 506.717.614$
Enzyme (MLN) 110,30$ -5,5% 18,1% 147.051.779$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, April 29, 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 $ 222,627,237 calculated as and 9.8 percent declining by Pancake Bunny (BUNNY) protocol $ 436.18 is traded as.

9.0 percent falling at the rate of saffron.finance (SFI) from $ 1,436.53 while processing, 8.8 percent depreciating Unit Protocol New (DUCK) if 0.483450 dollars level.

Also in the data, 6.1 percent falling Tribe (TRIBE) protocol From $ 1.32 while changing hands 5.5 percent declining by Enzyme (MLN) 110,30 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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