Amount locked in DeFi industry exceeds $ 200 billion

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

As of Thursday, October 7, 2021, DeFi Llama data shows the total amount of locked assets in the decentralized financial ecosystem. $ 204.90 billion show how.

According to CoinGecko data, the total market capitalization of DeFi protocols is $ 129.34 billion is calculated as.

Total Assets (USD) locked in DeFi. Source: DeFi Llama

TOP 5 – Most profitable DeFi protocols in 24 hours

Token name Price 24h 7g Market value
JOE (JOE) $ 2.48 17.6% -25.0% $ 239,097,408
Anyswap (ANY) $ 7.92 16.6% 37.6% $ 136,428,312
Mirror protocol (MIR) $ 3.45 15.9% 24.1% $ 339,856,154
Injection protocol (INJ) $ 11.25 12.5% 18.5% $ 367,533,532
Badger DAO (BADGER) $ 24.48 10.3% 63.5% $ 236,957,913

DeFi protocols that get the most value in 24 hours. Source: CoinGecko (Thursday, October 7, 2021)

On the morning of Thursday, October 7, 2021, the most valued DeFi protocol in the last 24 hours 17.6 percent with JOE (JOE) it happened. Total market value of the protocol $ 239,097,408 reaching 1 JOE (JOE) at $ 2.48 began to change hands.

The second most valued protocol in 24 hours is 16.6 percent with an increase Anyswap (ANY) registered as. Anyswap (ANY) from $ 7.92 it is being negotiated. 15.9 percent going up to the beat Mirror protocol (MIR) protocol $ 3.45 level.

According to the shared data, 12.5 percent increasing rate of Injection Protocol (INJ) $ 11.25 and right after 10.3 percent growing Badger DAO (BADGER) if the protocol $ 24.48 it is negotiated.

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

Token name Price 24h 7g Market value
Olympus $ 816.36 -10.1% 13.1% $ 1,947,329,735 $
STP Network (STPT) $ 0.219 -8.2% 374.4% $ 270,250,078 $
Wonderland (TIME) $ 4,609.40 $ -5.6% 77.4% $ 370,946,809 $
Rari Governance Token (RGT) $ 27.61 -4.5% 38.9% $ 310,789,834
Linear $ 0.048 -3.7% 48.2% $ 143,816,150

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, October 7, 2021)

Based on shared data, when we look at the declining names of the decentralized finance (DeFi) sector in 24 hours, the total market value $ 1,947,329,735 calculated and 10.1 percent decreasing in Olympus protocol $ 816.36 is marketed as.

8.2 percent falling in rate STP Network (STPT) from $ 0.218801 while processing, 5.6 percent depreciating Wonderland (TIME) Yes $ 4,609.40 level.

In addition, the data 4.5 percent falling Rari Governance Token (RGT) protocol from $ 27.61 when changing hands 3.7 percent decreasing in Linear (LINA) $ 0.04849624 it was negotiated.

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 based on blockchain networks, is among the most important developments for the creation of next-generation digital currency infrastructures.

In DeFi structures, it is aimed not only at providing decentralized financial services, but also at providing trust to participants. Because the absence of someone 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, it will be carried out” and will operate automatically, are among the important parts of the decentralized financial structures.

For detailed information: What is DeFi? What does decentralized finance mean?

The opinions and comments expressed in this document are solely to the author belongs. It may not reflect the views of Cointelegraph. Every investment and trade movement involves risk. You should do your own research when making a decision.

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