Anyswap (ANY) doubled in 24 hours!

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

As of Monday, May 3, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 70.54 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 138.45 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
Anyswap (ANY) 8,57$ 98,2% 376,2% 152.449.199$
Ellipsis (EPS) 3,42$ 38,9% 123,5% 368.831.324$
Alpaca Finance (ALPACA) 3,72$ 38,2% 409,1% 253.221.557$
Venus (XVS) 126,59$ 30,0% 100,8% 1.236.222.866$
Linear (LINA) 0,135897$ 28,2% 83,1% 337.109.654$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, May 3, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, May 3, 2021 98.2 percent with Anyswap (ANY) happened. The total market value of the protocol $ 152,449,199 while reaching 1 Anyswap (ANY) from $ 8.57 started to change hands.

The second most valuable protocol in 24 hours is 38.9 percent with increase Ellipsis (EPS) recorded as. Ellipsis (EPS) from $ 3.42 trading. 38.2 percent rising in the rate of Alpaca Finance (ALPACA) protocol $ 3.72 level.

According to the shared data, 30.0 percent rising in the rate of Venus (XVS) $ 126.59 and immediately after 28.2 percent growing Linear (LINA) If protocol 0.135897 dollars trading on.

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

Token Name Price 24s 7g Market value
DriftDAO (DDX) 5,26$ -7,3% -3,8% 137.313.109$
saffron.finance (SFI) 1.429,30$ -4,0% 9,7% 114.145.447$
Ampleforth (AMPL) 1,10$ -1,3% -4,4% 391.077.463$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, May 3, 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 $ 137,313,109 calculated as and 7.3 percent declining by DriftDAO (DDX) protocol $ 5.26 is traded as.

4.0 percent falling at the rate of saffron.finance (SFI) from $ 1,429.30 while processing, 1.3 percent depreciating Ampleforth (AMPL) if $ 1.10 level.

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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