DeFi recital: UFT, QUICK, RCN increased by more than 50% in 24 hours

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

As of Friday, April 30, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized finance ecosystem. 66.16 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 126.73 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
UniLend Finance (UFT) 2,10$ 61,3% 70,3% 93.743.857$
Quickswap (QUICK) 1.275,06$ 59,1% 691,2% 203.695.379$
Ripio Credit Network (RCN) 0,189108$ 55,9% 68,0% 97.429.381$
Venus (XVS) 107,83$ 47,2% 47,3% 1.044.474.230$
Auto (AUTO) 3.599,10$ 45,6% 55,6% 91.847.156$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Friday, April 30, 2021)

The most valued DeFi protocol in the last 24 hours as of Friday morning, April 30, 2021 61.3 percent with UniLend Finance (UFT) happened. The total market value of the protocol $ 93,743,857 while reaching 1 UniLend Finance (UFT) from $ 2.10 started to change hands.

The second most valuable protocol in 24 hours is 59.1 percent with increase Quickswap (QUICK) recorded as. Quickswap (QUICK) 1.275,06 dolardan trading. 55.9 percent rising in the rate of Ripio Credit Network (RCN) protocol $ 0.189108 level.

According to the shared data, 47.2 percent rising in the rate of Venus (XVS) $ 107.83 and immediately after 45.6 percent growing Auto (AUTO) If protocol $ 3,599.10 trading on.

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

Token Name Price 24s 7g Market value
Keep Network (KEEP) 0,642446$ -8,9% 23,9% 270.159.149$
Rari Governance Token (RGT) 17,87$ -4,6% -6,9% 156.246.752$
Uniswap (UNI) 40,72$ -4,2% 17,9% 21.166.363.736$
CUNI (CUNI) 0,822977$ -4,1% 19,4% 464.852.514$
Vesper Finance (VSP) 38,01$ -3,7% -7,9% 113.850.779$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, April 30, 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 $ 270,159,149 calculated as and 8.9 percent declining by Keep Network (KEEP) protocol 0.642446 dollars is traded as.

4.6 percent falling at the rate of Rari Governance Token (RGT) at $ 17.87 while processing, 4.2 percent depreciating Uniswap (UNI) if $ 40.72 level.

Also in the data, 4.1 percent falling CUNI (CUNI) protocol From $ 0.822977 while changing hands 3.7 percent declining by Vesper Finance (VSP) $ 38.01 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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