DeFi did not fit in the vast! INST and ALPHA valued over 50% in 24 hours

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

As of Tuesday, July 6, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 55.98 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 79.87 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
Instadapp (INST) 5,28$ 64,4% 14,9% 94.575.772$
Alpha Finance (ALPHA) 0,774$ 50,7% 84,4% 219.855.771$
Enzyme (MLN) 111,81$ 35,3% 63,7% 159.122.638$
Synthetix (SNX) 11,83$ 34,0% 67,4% 1.882.005.141$
Linear (LINA) 0,0376$ 24,5% 52,9% 92.677.595$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Tuesday, July 6, 2021)

As of Tuesday morning, July 6, 2021, the most valued DeFi protocol in the last 24 hours 64.4 percent with Instadapp (INST) it happened. Total market value of the protocol $ 94,575,772 reaching, 1 Instadapp (INST) at $5.28 started to change hands.

The second most valued protocol in 24 hours is 50.7 percent with an increase Alpha Finance (ALPHA) recorded as. Alpha Finance (ALPHA) at $0.773997 is being traded. 35.3 percent rising at the rate Enzyme (MLN) protocol $ 111.81 level.

According to the shared data, 34.0 percent rising rate of Synthetix Network Token (SNX) $ 11.83 and right after 24.5 percent growing Linear (LINA) if the protocol 0.03758033 dollars is traded on.

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

Token Name Price 24s 7g Market value
Tokenlon (LON) 2,88$ -4,5% -11,8% 73.225.577$
TrueFi (TRU) 0,148802$ -2,4% 2,6% 51.981.341$
The Graph (GRT) 0,758803$ -2,2% 32,9% 2.198.492.373$
BarnBridge (BOND) 36,35$ -1,5% 20,8% 124.893.134$
JUST (JST) 0,052576$ -1,4% 11,5% 75.712.457$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, July 6, 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 $ 73,225,577 calculated and 4.5 percent declining in Tokenlon (LON) protocol $ 2.88 is traded as.

2.4 percent falling in rate TrueFi (TRU) at $0.148802 while processing, 2.2 percent depreciating The Graph (GRT) if 0.758803 dollars level.

Also, the data 1.5 percent falling BarnBridge (BOND) protocol from $36.35 when changing hands 1.4 percent declining in JUST (JST) $ 0.052576 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, 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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