TRB, BZRX, LINK prices skyrocket – ANY takes the brakes

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

As of Wednesday, May 5, 2021, DeFi Pulse data reflects the total amount of locked assets in the decentralized financial ecosystem. 75.02 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 137.56 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
Tellor (TRB) 125,76$ 27,2% 44,9% 204.669.900$
bZx Protocol (BZRX) 0,987521$ 21,8% 28,1% 138.855.415$
Chainlink (LINK) 48,91$ 21,8% 32,8% 20.523.444.038$
Band Protocol (BAND) 20,29$ 18,8% 21,6% 630.649.643$
HE (DIA) 5,34$ 16,6% 32,2% 221.911.526$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Wednesday, May 5, 2021)

The most valued DeFi protocol in the last 24 hours as of Wednesday morning, May 5, 2021 27.2 percent with Tellor (TRB) happened. The total market value of the protocol $ 204,669,900 while reaching 1 Tellor (TRB) from $ 125.76 started to change hands.

The second most valuable protocol in 24 hours is 21.8 percent with increase bZx Protocol (BZRX) recorded as. bZx Protocol (BZRX) from $ 0.987521 trading. 21.8 percent rising in the rate of Chainlink (LINK) protocol $ 48.91 level.

According to the shared data, 18.8 percent rising in the rate of Band Protocol (BAND) 20,29 dolar and immediately after 16.6 percent growing HE (DIA) If protocol $ 5.34 trading on.

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

Token Name Price 24s 7g Market value
Anyswap (ANY) 7,98$ -18,3% 257,3% 137.641.863$
Unit Protocol New (DUCK) 0,478492$ -17,3% -17,3% 101.307.146$
Ellipsis (EPS) 2,61$ -14,1% 37,2% 289.146.223$
Cream (CREAM) 136,71$ -13,6% 10,4% 97.676.119$
Keep Network (KEEP) 0,640382$ -11,7% 19,7% 275.006.666$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, May 5, 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 $ 137,641,863 calculated as and 18.3 percent declining by Anyswap (ANY) protocol $ 7.98 is traded as.

17.3 percent falling at the rate of Unit Protocol New (DUCK) at $ 0.478492 while processing, 14.1 percent depreciating Ellipsis (EPS) if $ 2.61 level.

Also in the data, 13.6 percent falling Cream (CREAM) protocol From $ 136.71 while changing hands 11.7 percent declining by Keep Network (KEEP) 0,640382 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.

Check Also

Decentralized finance (DeFi) ecosystem shrank by half in 30 days

We share with you daily data of the decentralized finance (DeFi) ecosystem. As of Saturday, …

Leave a Reply

Your email address will not be published. Required fields are marked *