XVS, BUNNY, NMR, EPS and CAKE crashed!

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

As of Wednesday, May 19, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 73.13 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 119.39 billion dollars calculated as.

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

TOP 5 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Derivation DAO (DDX) 4,49$ 18,9% -25,2% 117.253.434$
Polkastarter (POLS) 3,58$ 6,6% 16,9% 241.694.005$
Go Go) 0,907469$ 4,8% 2,2% 179.732.091$
Quickswap (QUICK) 885,92$ 2,8% -0,4% 141.121.149$
cDAI (CDAI) 0,02182334$ 1,8% 1,5% 4.312.904.050$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Wednesday 19 May 2021)

As of Wednesday morning, May 19, 2021, the most valued DeFi protocol in the last 24 hours 18.9 percent with Derivation DAO (DDX) happened. Total market value of the protocol $ 117,253,434 reaching, 1 DerivaDAO (DDX) from $4.49 started to change hands.

The second most valued protocol in 24 hours is 6.6 percent with an increase Polkastarter (POLS) recorded as. Polkastarter (POLS) from $3.58 is being traded. 4.8 percent rising at the rate Go Go) protocol $ 0.907469 level.

According to the shared data, 2.8 percent rising rate of Quickswap (QUICK) 885,92 dolar and right after 1.8 percent growing cDAI (CDAI) if the protocol 0.02182334 dollars is traded on.

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

Token Name Price 24s 7g Market value
Venus (XVS) 58,66$ -30,9% -56,4% 585.214.146$
Pancake Bunny (BUNNY) 169,80$ -27,6% -48,1% 86.635.685$
Numeraire (NMR) 53,34$ -22,3% -18,3% 299.576.093$
Ellipsis (EPS) 1,29$ -21,6% -37,1% 182.133.952$
PancakeSwap (CAKE) 22,50$ -21,3% -38,9% 3.819.505.001$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday 19 May 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 $ 585,214,146 calculated and 30.9 percent declining in Venus (XVS) protocol $ 58.66 is traded as.

27.6 percent falling in rate Pancake Bunny (BUNNY) at $169.80 while processing, 22.3 percent depreciating Numeraire (NMR) if $ 53.34 level.

Also, the data 21.6 percent falling Ellipsis (EPS) protocol from $1.29 when changing hands 21.3 percent declining in PancakeSwap (CAKE) 22,50 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 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” 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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