DeFi sector rising and falling – DEA – NMR

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

As of Tuesday, May 18, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 77.36 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 132.22 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
DEA (DEA) 956,86$ 53,4% -9,9% 98.442.230$
Hegic (HEGIC) 0,196938$ 29,8% -1,3% 99.378.465$
Aave (AAVE) 648,79$ 29,1% 49,3% 8.208.362.773$
Synthetix Network Token (SNX) 21,85$ 27,0% 34,0% 3.343.155.669$
Perpetual Protocol (PERP) 10,95$ 24,0% 40,9% 244.537.459$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Tuesday, May 18, 2021)

The most valued DeFi protocol in the last 24 hours as of Tuesday, May 18, 2021 53.4 percent with DEA (DEA) happened. The total market value of the protocol $ 98,442,230 while reaching 1 DEA (DEA) at $ 956.86 started to change hands.

The second most valuable protocol in 24 hours is 29.8 percent with increase Hegic (HEGIC) recorded as. Hegic (HEGIC) from $ 0.196938 trading. 29.1 percent rising in the rate of Aave (AAVE) protocol $ 648.79 level.

According to the shared data, 27.0 percent rising in the rate of Synthetix Network Token (SNX) $ 21.85 and immediately after 24.0 percent growing Perpetual Protocol (PERP) If protocol $ 10.95 trading on.

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

Token Name Price 24s 7g Market value
Numeraire (NMR) 68,51$ -14,4% 14,4% 386.915.496$
Venus (XVS) 85,13$ -11,8% -31,9% 846.885.868$
DriftDAO (DDX) 3,79$ -7,7% -41,2% 98.580.570$
Anchor Protocol (ANC) 4,98$ -4,2% -8,2% 313.531.855$
Serum (SRM) 9,63$ -3,4% 5,0% 481.837.970$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, May 18, 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 $ 386,915,496 calculated as and 14.4 percent declining by Numeraire (NMR) protocol $ 68.51 is traded as.

11.8 percent falling at the rate of Venus (XVS) from $ 85.13 while processing, 7.7 percent depreciating DriftDAO (DDX) if $ 3.79 level.

Also in the data, 4.2 percent falling Anchor Protocol (ANC) protocol From $ 4.98 while changing hands 3.4 percent declining by Serum (SRM) 9.63 dollars 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 DeFi structures, besides providing decentralized financial services, it is also aimed to provide trust to the 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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