BEL, RGT and BIFI rise fast – SWAP at losses

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

As of Friday, May 28, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 64.85 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 91.26 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
Bella Protocol (BEL) 2,18$ 33,8% 22,9% 68.589.665$
Rari Governance Token (RGT) 8,52$ 14,4% -4,2% 74.285.658$
Beefy.Finance (BIFI) 976,20$ 14,1% 18,5% 74.089.854$
Kava.io (KAVA) 3,91$ 12,7% -1,3% 271.374.673$
Ampleforth (AMPL) 0,782015$ 10,7% 13,4% 227.159.857$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Friday, May 28, 2021)

As of Friday morning, May 28, 2021, the most valued DeFi protocol in the last 24 hours 33.8 percent with Bella Protocol (BEL) it happened. Total market value of the protocol $ 68,589,665 reaching, 1 Bella Protocol (BEL) from $2.18 began to change hands.

The second most valuable protocol in 24 hours is 14.4 percent with an increase Rari Governance Token (RGT) recorded as. Rari Governance Token (RGT) from $8.52 is being traded. 14.1 percent rising at the rate Beefy.Finance (BIFI) protocol $ 976.20 level.

According to the shared data, 12.7 percent rising rate of Kava.io (COFFEE) $ 3.91 and right after 10.7 percent growing Ampleforth (AMPL) if the protocol 0.782015 dollars is traded on.

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

Token Name Price 24s 7g Market value
Trustswap (SWAP) 1,24$ -14,6% -32,4% 80.827.610$
Unit Protocol New (DUCK) 0,434722$ -8,7% -25,3% 93.175.196$
Badger DAO (BADGER) 12,76$ -7,4% -29,3% 112.096.319$
Liquity (LQTY) 16,10$ -7,3% 39,8% 76.123.777$
Reserve Rights Token (RSR) 0,03696837$ -6,6% -20,8% 492.437.451$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, May 28, 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 $ 80,827,610 calculated and 14.6 percent declining in Trustswap (SWAP) protocol $ 1.24 is traded as.

8.7 percent falling in rate Unit Protocol New (DUCK) at $0.434722 while processing, 7.4 percent depreciating Badger DAO (BADGER) if $ 12.76 level.

Also, the data 7.3 percent falling Liquity (LQTY) protocol from $16.10 when changing hands 6.6 percent declining in Reserve Rights Token (RSR) 0,03696837 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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