DeFi protocols LINA, KEEP and SUSHI dropped more than 13% in 24 hours

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

As of Thursday, July 8, 2021, DeFi Pulse data shows the total amount of locked assets in the decentralized finance ecosystem. 57.07 billion dollars shows as.

According to CoinGecko data, the total market cap of DeFi protocols is 76.17 billion dollars is calculated as.

Total assets (USD) locked on DeFi. Source: DeFi Pulse

TOP 4 – The most profitable DeFi protocols in 24 hours

Token Name Price 24s 7g Market value
Frax Share (FXS) 2,76$ 2,1% 39,4% 78.841.041$
Augur (REP) 16,69$ 0,8% 4,4% 108.466.279$
JUST (JST) 0,053$ 0,3% 2,6% 76.223.801$
Wrapped NXM (WNXM) 63,06$ 0,5% 7,0% 135.426.914$

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Thursday 8 July 2021)

As of Thursday morning, July 8, 2021, the most valued DeFi protocol in the last 24 hours 2.1 percent with Frax Share (FXS) it happened. Total market value of the protocol $ 78,841,041 reaching, 1 Frax Share (FXS) 2,76 dolardan started to change hands.

The second most valuable protocol in 24 hours is 0.8 percent with an increase Augur (REP) recorded as. Augur (REP) at $16.69 is being traded. 0.3 percent rising at the rate JUST (JST) protocol 0.053144 dollars level.

According to the shared data, 0.5 percent rising rate of Wrapped NXM (WNXM) 63,06 dolardan is being traded.

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

Token Name Price 24s 7g Market value
Linear (LINA) 0,0355$ -16,0% 36,3% 98.078.178$
Keep Network (KEEP) 0,31$ -15,5% 15,2% 135.588.725$
Sushi (SUSHI) 8,35$ -13,6% 2,3% 1.593.779.684$
Instadapp (INST) 6,82$ -13,4% 61,7% 122.445.939$
Enzyme (MLN) 89,34$ -13,2% 31,0% 126.677.501$

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday 8 July 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 $ 98,078,178 calculated and 16.0 percent declining in Linear (LINA) protocol 0.03551842 dollars is traded as.

15.5 percent falling in rate Keep Network (KEEP) at $0.309944 while processing, 13.6 percent depreciating Sushi (SUSHI) if $ 8.35 level.

Also, the data 13.4 percent falling Instadapp (INST) protocol at $6.82 when changing hands 13.2 percent declining in Enzyme (MLN) 89,34 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?

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