DeFi industry ups and downs – DF, EPS – ALPACA, CRV

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

As of Monday, May 31, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 58.44 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 81.31 billion dollars is 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
Ellipsis (EPS) 0,845901$ 25,2% 33,1% 143.706.158$
dForce Token (DF) 0,213548$ 20,9% 71,5% 59.801.560$
TrueFi (TRU) 0,328810$ 15,7% -14,0% 105.788.222$
The Graph (GRT) 0,713385$ 10,5% 8,4% 869.564.549$
Enzyme (MLN) 72,53$ 9,1% 56,1% 96.704.718$

The most valuable DeFi protocols in 24 hours. Source: CoinGecko (Monday, May 31, 2021)

As of Monday morning, May 31, 2021, the most valued DeFi protocol in the last 24 hours 25.2 percent with Ellipsis (EPS) it happened. Total market value of the protocol $ 143,706,158 reaching, 1 Ellipsis (EPS) at $0.845901 started to change hands.

The second most valued protocol in 24 hours is 20.9 percent with an increase dForce Token (DF) recorded as. dForce Token (DF) at $0.213548 is being traded. 15.7 percent rising at the rate TrueFi (TRU) protocol 0.328810 dollars level.

According to the shared data, 10.5 percent rising rate of The Graph (GRT) 0,713385 dolar and right after 9.1 percent growing Enzyme (MLN) if the protocol $ 72.53 is traded on.

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

Token Name Price 24s 7g Market value
Alpaca Finance (ALPACA) 0,784252$ -13,5% 9,4% 66.772.048$
Wrapped NXM (WNXM) 65,30$ -9,2% 10,2% 133.465.380$
Curve DAO Token (CRV) 1,64$ -7,2% 22,9% 594.205.674$
DODO (DODO) 1,51$ -7,2% 39,4% 190.774.223$
Keep Network (KEEP) 0,239356$ -6,5% -0,7% 104.403.152$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, May 31, 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 $ 66,772,048 calculated and 13.5 percent declining in Alpaca Finance (ALPACA) protocol 0.784252 dollars is traded as.

9.2 percent falling in rate Wrapped NXM (WNXM) 65,30 dolardan while processing, 7.2 percent depreciating Curve DAO Token (CRV) if $ 1.64 level.

Also, the data 7.2 percent falling DODO (DODO) protocol from $1.51 when changing hands 6.5 percent declining in Keep Network (KEEP) 0,239356 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 among the most important developments for the creation of next generation digital currency infrastructures.

DeFi structures are intended to provide decentralized financial services as well as 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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