INST jumps 80% in one week – KEEP and INDEX on the rise

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

As of Wednesday, July 7, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 55.45 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 81.63 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) 7,98$ 44,1% 80,9% 143.238.997$
Keep Network (KEEP) 0,357$ 33,5% 24,8% 157.707.056$
Index Coop. (INDEX) 31,74$ 29,5% 47,5% 61.009.875$
Lido DAO (LDO) 2,12$ 16,9% 22,5% 60.194.311$
DODO (DODO) 1,13$ 14,8% 14,9% 152.098.902$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Wednesday, July 7, 2021)

As of Wednesday morning, July 7, 2021, the most valued DeFi protocol in the last 24 hours 44.1 percent with Instadapp (INST) it happened. Total market value of the protocol $ 143,238,997 reaching, 1 Instadapp (INST) at $7.98 started to change hands.

The second most valued protocol in 24 hours is 33.5 percent with an increase Keep Network (KEEP) recorded as. Keep Network (KEEP) at $0.357115 is being traded. 29.5 percent rising at the rate Index Cooperative (INDEX) protocol $ 31.74 level.

According to the shared data, 16.9 percent rising rate of Read DAO (LDO) $2.12 and right after 14.8 percent growing DODO (DODO) if the protocol $ 1.13 is traded on.

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

Token Name Price 24s 7g Market value
Ampleforth (AMPL) 0,965$ -10,4% 4,6% 156.239.677$
Enzyme (MLN) 103,26$ -8,6% 48,1% 145.898.606$
Compound (COMP) 475,61$ -8,5% 53,7% 2.565.178.495$
Alpaca Finance (ALPACA) 0,608$ -7,3% 16,9% 62.897.788$
BarnBridge (BOND) 33,86$ -5,6% 9,8% 117.537.049$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, July 7, 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 $ 156,239,677 calculated and 10.4 percent declining in Ampleforth (AMPL) protocol $ 0.965240 is traded as.

8.6 percent falling in rate Enzyme (MLN) at $103.26 while processing, 8.5 percent depreciating Compound (COMP) if $ 475.61 level.

Also, the data 7.3 percent falling Alpaca Finance (ALPACA) protocol From $0.607670 when changing hands 5.6 percent declining in BarnBridge (BOND), 33.86 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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