DeFi sector rise and fall – NMR – XVS

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

As of Monday, 17 May 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem 72.04 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 119.42 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
Numeraire (NMR) 82,94$ 48,5% 23,9% 468.915.639$
Serum (SRM) 9,85$ 18,5% -4,0% 490.960.239$
Cream (CREAM) 135,68$ 3,8% 1,9% 97.777.192$
Go Go) 0,867182$ 0,5% -2,2% 227.526.450$
Dai (DAI) 0,979711$ 0,1% 0,1% 4.565.939.965$

DeFi protocols gaining the most value in 24 hours. Source: CoinGecko (Monday, May 17, 2021)

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, May 17, 2021 48.5 percent with Numeraire (NMR) happened. The total market value of the protocol $ 468,915,639 while reaching 1 Numeraire (NMR) from $ 82.94 started to change hands.

The second most valuable protocol in 24 hours is 18.5 percent with increase Serum (SRM) recorded as. Serum (SRM) from $ 9.85 trading. 3.8 percent rising in the rate of Cream (CREAM) protocol $ 135.68 level.

According to the shared data, 0.5 percent rising in the rate of Go (GO) 0.867182 dolar and immediately after 0.1 percent growing Dai (DAI) If protocol 0.979711 dollars trading on.

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

Token Name Price 24s 7g Market value
Venus (XVS) 81,95$ -28,3% -40,9% 827.517.288$
Alpaca Finance (ALPACA) 1,23$ -27,6% -54,7% 94.023.469$
Anyswap (ANY) 4,93$ -27,3% -40,4% 85.109.366$
WaultSwap (WEX) 0,088979$ -26,9% -72,2% 95.779.003$
ETH 2x FLI (ETH2X-FLI) 248,62$ -25,6% -31,0% 94.844.630$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, May 17, 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 $ 827,517,288 calculated as and 28.3 percent declining by Venus (XVS) protocol $ 81.95 is traded as.

27.6 percent falling at the rate of Alpaca Finance (ALPACA) from $ 1.23 while processing, 27.3 percent depreciating Anyswap (ANY) if $ 4.93 level.

Also in the data, 26.9 percent falling WaultSwap (WEX) protocol From $ 0.088979 while changing hands 25.6 percent declining by ETH 2x Flexible Leverage Index (ETH2X-FLI) 248,62 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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