Total locked assets decreased by $13 billion

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

As of Thursday, May 20, 2021, DeFi Pulse data shows the total amount of locked-in assets (TVL) in the decentralized finance ecosystem. 59.83 billion dollars show in the form. TVL, which was around $ 73 billion as of yesterday, experienced a deep decline with panic sales.

According to CoinGecko data, the total market value of DeFi protocols is 95.43 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
TrueFi (TRU) 0,363831$ 30,6% -6,5% 103.406.505$
Unit Protocol New (DUCK) 0,530993$ 22,8% 7,6% 112.140.853$
Perpetual Protocol (PERP) 11,90$ 17,4% 54,8% 254.154.682$
Fei Protocol (FEI) 0,980147$ 2,6% 1,3% 1.004.922.407$
Frax (FRAX) 1,01$ 1,5% 1,3% 122.605.119$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Thursday 20 May 2021)

As of Thursday morning, May 20, 2021, the most valued DeFi protocol in the last 24 hours 30.6 percent with TrueFi (TRU) it happened. Total market value of the protocol 103,406,505 dollars reaching, 1 TrueFi (TRU) at $0.363831 started to change hands.

The second most valuable protocol in 24 hours is 22.8 percent with an increase Unit Protocol New (DUCK) recorded as. Unit Protocol New (DUCK) from $0.530993 is being traded. 17.4 percent rising at the rate Perpetual Protocol (PERP) protocol $ 11.90 level.

According to the shared data, 2.6 percent rising rate of Fei Protocol (FEI) 0,980147 dolar and right after 1.5 percent growing Frax (FRAX) if the protocol $ 1.01 is traded on.

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

Token Name Price 24s 7g Market value
Polkastarter (POLS) 2,43$ -34,0% -11,6% 163.885.461$
Curve DAO Token (CRV) 2,12$ -31,8% -37,7% 778.256.161$
Earth (MOON) 9,69$ -29,0% -34,7% 3.676.239.892$
Raydium (RAY) 6,11$ -28,6% -44,7% 299.081.599$
ETH 2x FLI (ETH2X-FLI) 177,43$ -27,9% -53,0% 70.929.061$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday 20 May 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 $ 163,885,461 calculated and 34.0 percent declining by Polkastarter (POLS) protocol $ 2.43 is traded as.

31.8 percent falling in rate Curve DAO Token (CRV) from $2.12 while processing, 29.0 percent depreciating Earth (MOON) if $ 9.69 level.

Also in the data, 28.6 percent falling Raydium (RAY) protocol at $6.11 when changing hands 27.9 percent declining by ETH 2x Flexible Leverage Index (ETH2X-FLI) 177,43 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 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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