DeFi industry ups and downs – DODO – ROOK

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

As of Saturday, May 29, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 60.73 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 83.95 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
DODO (DODO) 1,70$ 36,5% 32,0% 216.731.126$
Mirror Protocol (MIR) 4,94$ 7,9% -13,9% 342.900.197$
Step Finance (STEP) 1,21$ 4,5% -12,0% 55.202.015$
Alpaca Finance (ALPACA) 0,985604$ 2,4% 2,7% 80.648.037$
Ampleforth (AMPL) 0,805966$ 2,0% 22,9% 229.235.871$

The most valuable DeFi protocols in 24 hours. Source: CoinGecko (Saturday, May 29, 2021)

As of Saturday, May 29, 2021, the most valued DeFi protocol in the last 24 hours 36.5 percent with DODO (DODO) it happened. Total market value of the protocol $ 216,731,126 reaching, 1 DODO (DODO) from $1.70 started to change hands.

The second most valued protocol in 24 hours is 7.9 percent with an increase Mirror Protocol (MIR) recorded as. Mirror Protocol (MIR) at $4.94 is being traded. 4.5 percent rising at the rate Step Finance (STEP) protocol $ 1.21 level.

According to the shared data, 2.4 percent rising rate of Alpaca Finance (ALPACA) 0,985604 dolar and right after 2.0 percent growing Ampleforth (AMPL) if the protocol 0.805966 dollars is traded on.

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

Token Name Price 24s 7g Market value
GoalkeeperDAO (SMOKE) 154,07$ -12,5% -37,1% 87.573.521$
Wrapped NXM (WNXM) 69,37$ -9,2% -10,8% 141.875.073$
Perpetual Protocol (PERP) 7,67$ -8,8% -26,2% 164.391.341$
Trustswap (SWAP) 1,01$ -8,8% -32,3% 65.903.221$
REN (REN) 0,493348$ -8,5% 7,5% 431.907.820$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Saturday, May 29, 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 $ 87,573,521 calculated and 12.5 percent declining in GoalkeeperDAO (SMOKE) protocol $ 154.07 is traded as.

9.2 percent falling in rate Wrapped NXM (WNXM) 69,37 dolardan while processing, 8.8 percent depreciating Perpetual Protocol (PERP) if $ 7.67 level.

Also, the data 8.8 percent falling Trustswap (SWAP) protocol from $1.01 when changing hands 8.5 percent declining in REN (REN) 0,493348 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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