DeFi grows $10B – WEX, REN, LDO, BEL and RSR increase more than 25%

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

As of Tuesday, June 1, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 64.00 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 92.67 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
WaultSwap (WEX) 0,03588200$ 34,7% -14,0% 59.642.314$
REN (REN) 0,571646$ 29,6% 19,8% 503.373.699$
Lido DAO (LDO) 2,36$ 27,5% -1,3% 66.973.760$
Bella Protocol (BEL) 2,03$ 25,6% 35,8% 63.481.640$
Reserve Rights Token (RSR) 0,04079137$ 25,2% 1,1% 536.724.841$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Tuesday, June 1, 2021)

As of Tuesday morning, June 1, 2021, the most valued DeFi protocol in the last 24 hours 34.7 percent with WaultSwap (WEX) it happened. Total market value of the protocol $ 59,642,314 reaching, 1 WaultSwap (WEX) from $0.03588200 started to change hands.

The second most valued protocol in 24 hours is 29.6 percent with an increase REN (REN) recorded as. REN (REN) from $0.571646 is being traded. 27.5 percent rising at the rate Lido DAO (LDO) protocol $ 2.36 level.

According to the shared data, 25.6 percent rising rate of Bella Protocol (BEL) $2.03 and right after 25.2 percent growing Reserve Rights Token (RSR) if the protocol 0.04079137 dollars is traded on.

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

Token Name Price 24s 7g Market value
Nerve Finance (NRV) 1,65$ -8,5% -15,6% 58.452.285$
Liquity (LQTY) 17,32$ -7,5% 67,6% 83.875.490$
sUSD (SUSD) 1,01$ -0,7% 0,6% 229.289.229$
Go Go) 0,911966$ -0,3% -1,1% 97.506.670$
Numeraire (NMR) 51,97$ -0,1% 28,4% 297.585.611$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, June 1, 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 $ 58,452,285 calculated and 8.5 percent declining in Nerve Finance (NRV) protocol $ 1.65 is traded as.

7.5 percent falling in rate Liquidity (LQTY) from $17.32 while processing, 0.7 percent depreciating sUSD (SUSD) if $ 1.01 level.

Also, the data 0.3 percent falling Go Go) protocol from $0.911966 when changing hands 0.1 percent declining in Numeraire (NMR) 51,97 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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