DeFi hits $100 billion again – API3 rises fast

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

As of Friday, May 21, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 65.42 billion dollars show in the form.

According to CoinGecko data, the total market value of DeFi protocols is 99.63 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
API3 (API3) 6,78$ 41,1% 15,1% 156.467.412$
Augur (REP) 29,00$ 30,3% -19,4% 191.616.974$
Alpaca Finance (ALPACA) 1,28$ 25,9% -33,5% 101.280.337$
Rari Governance Token (RGT) 9,45$ 23,9% -17,9% 82.537.467$
STP Network (STPT) 0,063103$ 21,0% -12,8% 71.447.256$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Friday, May 21, 2021)

As of Friday morning, May 21, 2021, the most valued DeFi protocol in the last 24 hours 41.1 percent with API3 (API3) it happened. Total market value of the protocol $ 156,467,412 reaching, 1 API3 (API3) from $6.78 started to change hands.

The second most valuable protocol in 24 hours is 30.3 percent with an increase Augur (REP) recorded as. Augur (REP) at $29.00 is being traded. 25.9 percent rising at the rate Alpaca Finance (ALPACA) protocol $ 1.28 level.

According to the shared data, 23.9 percent rising rate of Rari Governance Token (RGT) 9,45 dolar and right after 21.0 percent growing STP Network (STPT) if the protocol 0.063103 dollars is traded on.

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

Token Name Price 24s 7g Market value
TrueFi (TRU) 0,316604$ -13,2% -11,7% 100.820.747$
BarnBridge (BOND) 36,08$ -4,7% -21,1% 89.870.816$
DODO (DODO) 1,57$ -2,7% -46,3% 195.714.713$
Venus (XVS) 49,06$ -1,8% -55,7% 493.095.612$
Go Go) 0,886777$ -1,8% 1,0% 116.401.163$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, May 21, 2021)

According to the shared data, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $ 100,820,747 calculated and 13.2 percent declining in TrueFi (TRU) protocol $ 0.316604 is traded as.

4.7 percent falling in rate BarnBridge (BOND) at $36.08 while processing, 2.7 percent depreciating DODO (DODO) if $ 1.57 level.

Also in the data, 1.8 percent falling Venus (XVS) protocol from $49.06 when changing hands 1.8 percent declining by Go (GO) 0.886777 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 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. When making your decision, you should do your own research.

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