DeFi is bleeding out: Total locked assets halved

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

As of Monday, May 24, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized financial ecosystem. 50.70 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 71.25 billion dollars is calculated as.

Total assets (USD) locked on DeFi. Source: DeFi Pulse

TOP 5 – Most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Maker (MKR) 3.006,94$ 12,5% -33,5% 2.710.190.080$
Rari Governance Token (RGT) 5,32$ 10,6% -49,5% 46.380.087$
HE (HE) 1,74$ 8,6% -54,6% 72.250.666$
Liquity (LQTY) 9,75$ 5,8% -43,9% 43.109.658$
Go Go) 0,941972$ 5,6% 6,0% 95.132.321$

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

The most appreciated DeFi protocol in the last 24 hours as of Monday morning, May 24, 2021 12.5 percent with Maker (MKR) it happened. Total market value of the protocol $ 2,710,190,080 reaching, 1 Maker (MKR) from $3,006.94 started to change hands.

The second most valuable protocol in 24 hours is 10.6 percent with an increase Rari Governance Token (RGT) recorded as. Rari Governance Token (RGT) from $5.32 is being traded. 8.6 percent rising at the rate HE (HE) protocol $ 1.74 level.

According to the shared data, 5.8 percent rising rate of Liquity (LQTY) 9,75 dolar and right after 5.6 percent growing Go Go) if the protocol 0.941972 dollars is traded on.

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

Token Name Price 24s 7g Market value
Neutrino System Base Token (NSBT) 22,63$ -28,7% -48,1% 48.438.843$
Anchor Protocol (ANC) 2,57$ -27,0% -50,9% 167.256.081$
Augur (REP) 18,96$ -23,0% -43,5% 122.599.077$
Earth (MOON) 4,92$ -22,0% -69,8% 1.930.583.628$
WaultSwap (WEX) 0,03281321$ -21,7% -67,6% 43.920.972$

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

According to the shared data, when we look at the declining names of the decentralized finance (DeFi) sector in 24 hours, the total market value $ 48,438,843 calculated and 28.7 percent declining in Neutrino System Base Token (NSBT) protocol $ 22.63 is traded as.

27.0 percent falling in rate Anchor Protocol (ANC) at $2.57 while processing, 23.0 percent depreciating Augur (REP) if $ 18.96 level.

Also, the data 22.0 percent falling Earth (MOON) protocol from $4.92 when changing hands 21.7 percent declining in WaultSwap (WEX) 0,03281321 dolar was traded.

What is decentralized finance (DeFi)?

DeFi, which is an abbreviation of the words decentralized and finance, is called a financial structure that does not need any center or authority. DeFi, which is basically built on blockchain networks, is ranked among the most important developments for the creation of next-generation digital currency infrastructures.

In DeFi structures, it is aimed not only to provide decentralized financial services, but also 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), which are based on the logic of “if this condition is met, will take place” and operate automatically, are among the important parts of decentralized finance structures.

For detailed information: What is DeFi? What Does Decentralized Finance Mean?

The views and comments expressed herein are solely to the author belongs. It may not reflect the views of Cointelegraph. Every investment and trading move involves risk. You should do your own research when making a decision.

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