QUICK up 52% ​​overnight – DUCK and BUNNY on the rise

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

As of Wednesday, April 28, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 63.36 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 123.07 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
Quickswap (QUICK) 744,35$ 52,4% 378,4% 119.300.261$
Unit Protocol New (DUCK) 0,522299$ 17,6% 29,3% 111.260.058$
Pancake Bunny (BUNNY) 490,26$ 15,9% 30,3% 250.150.441$
saffron.finance (SFI) 1.549,58$ 15,7% -3,6% 123.819.563$
Enzyme (MLN) 119,30$ 14,6% 17,7% 159.745.657$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, April 28, 2021)

The most valued DeFi protocol in the last 24 hours as of Wednesday morning, April 28, 2021 52.4 percent with Quickswap (QUICK) happened. The total market value of the protocol $ 119,300,261 while reaching 1 Quickswap (QUICK) 744,35 dolardan started to change hands.

The second most valuable protocol in 24 hours is 17.6 percent with increase Unit Protocol New (DUCK) recorded as. Unit Protocol New (DUCK) from $ 0.522299 trading. 15.9 percent rising in the rate of Pancake Bunny (BUNNY) protocol $ 490.26 level.

According to the shared data, 15.7 percent rising in the rate of saffron.finance (SFI) $ 1,549.58 and immediately after 14.6 percent growing Enzyme (MLN) If protocol $ 119.30 trading on.

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

Token Name Price 24s 7g Market value
Tellor (TRB) 84,14$ -12,7% -8,4% 136.239.383$
Earth (MOON) 16,93$ -11,1% 26,1% 6.681.474.927$
Serum (SRM) 9,40$ -10,2% 58,9% 475.286.654$
Tribe (TRIBE) 1,41$ -9,9% 8,3% 542.591.838$
Compound (COMP) 622,62$ -8,0% 28,8% 3.168.819.720$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, April 28, 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 $ 136,239,383 calculated as and 12.7 percent declining by Tellor (TRB) protocol $ 84.14 is traded as.

11.1 percent falling at the rate of Terra (LUNA) from $ 16.93 while processing, 10.2 percent depreciating Serum (SRM) if $ 9.40 level.

Also in the data, 9.9 percent falling Tribe (TRIBE) protocol From $ 1.41 while changing hands 8.0 percent declining by Compound (COMP) 622,62 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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