DeFi in flight: PERP jumps as DYDX, IDEX and UNI surge by more than 30% overnight

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

As of Monday, September 27, 2021, DeFi Llama data shows the total amount of locked assets in the decentralized financial ecosystem. $ 178.96 billion show how.

According to CoinGecko data, the total market capitalization of DeFi protocols is $ 123.06 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
Perpetual Protocol (PERP) $ 17.19 51.0% 20.2% $ 952,597,931
dYdX (DYDX) $ 20.68 36.3% 45.0% $ 1,047,086,759 $
IDEX $ 0.365 32.5% -14.7% $ 216,108,255
Uniswap (UNI) $ 24.99 31.1% 4.5% $ 13,002,879,515
Injection protocol (INJ) $ 11.12 28.7% 1.5% $ 360,679,892

DeFi protocols that get the most value in 24 hours. Source: CoinGecko (Monday, September 27, 2021)

On the morning of Monday, September 27, 2021, the most valued DeFi protocol in the last 24 hours 51.0 percent with Perpetual Protocol (PERP) it happened. Total market value of the protocol For $ 952,597,931 reaching 1 Perpetual Protocol (PERP) at $ 17.19 began to change hands.

The second most valuable protocol in 24 hours is 36.3 percent with an increase dYdX (DYDX) registered as. dYdX (DYDX) from $ 20.68 it is being negotiated. 32.5 percent going up to the beat IDEX protocol $ 0.365506 dollars level.

According to the shared data, 31.1 percent increasing rate of Uniswap (UNI) $ 24.99 and right after 28.7 percent growing Injection protocol (INJ) if the protocol $ 11.12 it is negotiated.

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

Token name Price 24h 7g Market value
Covalent (CQT) $ 0.857 -6.0% -28.7% $ 106,967,149
BarnBridge (BOND) $ 23.03 -3.6% -9.4% $ 102,776,055
Enzyme (MLN) $ 149.21 -2.6% 22.9% $ 216,395,267 $
Maintain Network (KEEP) $ 0.370 -2.3% -17.3% $ 204,294,145
Wonderland (TIME) $ 2,857 -1.2% -5.9% $ 159,466,243 $

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Monday, September 27, 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 $ 106,967,149 calculated and 6.0 percent decreasing in Covalent (CQT) protocol $ 0.857333 dollars is marketed as.

3.6 percent falling in rate BarnBridge (BOND) at $ 23.03 while processing, 2.6 percent depreciating Enzyme (MLN) Yes $ 149.21 level.

In addition, the data 2.3 percent falling Maintain Network (KEEP) protocol from $ 0.370463 when changing hands 1.2 percent decreasing in Wonderland (TIME) 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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