Locked down to $55 billion – Very steep drops!

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

As of Saturday, May 22, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 55.23 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 77.43 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
Staff (FIS) 1,87$ 25,0% -28,0% 50.646.784$
Neutrino System Base Token (NSBT) 30,57$ 6,5% -34,5% 56.137.216$
STP Network (STPT) 0,062804$ 5,5% -18,9% 70.532.386$
TrueFi (TRU) 0,322199$ 3,5% -14,3% 99.405.253$
Go Go) 0,908328$ 2,7% 4,9% 108.435.228$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Saturday, May 22, 2021)

As of Saturday morning, May 22, 2021, the most valued DeFi protocol in the last 24 hours 25.0 percent with Staff (FIS) it happened. Total market value of the protocol $ 50,646,784 reaching, 1 Staph (FIS) from $1.87 started to change hands.

The second most valued protocol in 24 hours is 6.5 percent with increase Neutrino System Base Token (NSBT) recorded as. Neutrino System Base Token (NSBT) 30,57 dolardan is being traded. 5.5 percent rising at the rate STP Network (STPT) protocol 0.062804 dollars level.

According to the shared data, 3.5 percent rising in the rate of TrueFi (TRU) $ 0.322199 and immediately after 2.7 percent growing Go Go) if the protocol 0.908328 dollars is traded on.

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

Token Name Price 24s 7g Market value
API3 (API3) 4,42$ -32,2% -29,4% 100.562.738$
Earth (MOON) 7,10$ -31,9% -56,8% 2.727.527.520$
THORChain (RUNE) 8,82$ -31,5% -53,0% 2.121.485.919$
Maker (MKR) 2.646,71$ -31,1% -47,4% 2.382.638.504$
Sushi (SUSHI) 10,31$ -30,3% -44,5% 1.740.744.483$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Saturday, May 22, 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 $ 100,562,738 calculated and 32.2 percent declining in API3 (API3) protocol $ 4.42 is traded as.

31.9 percent falling in rate Terra (LUNA) at $7.10 while processing, 31.5 percent depreciating THORChain (RUNE) if $ 8.82 level.

Also, the data 31.1 percent falling Maker (MKR) protocol From $ 2,646.71 when changing hands 30.3 percent declining in Sushi (SUSHI) 10,31 dolar was traded as.

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 among the most important developments for the creation of next-generation digital money infrastructures.

In DeFi structures, it is aimed not only to provide decentralized financial services, but also 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), 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 Cointelegraph’s views. Every investment and trading move involves risk. You should do your own research when making a decision.

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