LUNA and RSR on the rise in DeFi market – REN surpasses $ 1

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

As of Friday, September 24, 2021, DeFi Llama data shows the total amount of locked assets in the decentralized financial ecosystem. $ 172.51 billion show how.

According to CoinGecko data, the total market capitalization of DeFi protocols is $ 120.41 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
REN (REN) $ 1.02 25.1% 2.6% $ 902,808,905
Terra (Moon) $ 38.42 14.9% 2.4% $ 15,397,855,024
Reservation rights (RSR) $ 0.035 13.3% -15.8% $ 459,124,253
Anyswap (ANY) $ 5.56 12.9% -2.9% $ 95,912,225
Kava.io (KAVA) $ 6.10 10.9% -4.9% $ 552,097,850 $

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

On the morning of Friday, September 24, 2021, the most valued DeFi protocol in the last 24 hours 25.1 percent with REN (REN) it happened. Total market value of the protocol $ 902,808,905 reaching 1 REN (REN) from $ 1.02 began to change hands.

The second most valuable protocol in 24 hours is 14.9 percent with an increase Terra (Moon) registered as. Terra (LUNA) from $ 38.42 it is being negotiated. 13.3 percent going up to the beat Reservation Rights Token (RSR) protocol $ 0.03515640 level.

According to the shared data, 12.9 percent increasing rate of Anyswap (ANY) $ 5.56 and right after 10.9 percent growing Kava.io (KAVA) if the protocol $ 6.10 it is negotiated.

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

Token name Price 24h 7g Market value
Wonderland (TIME) $ 3,067 -21.1% 47.2% $ 172,806,241 $
Lido DAO (LDO) $ 4.79 -11.4% -17.6% $ 241,943,830
JOE (JOE) $ 3.94 -9.1% 29.7% $ 342,049,386 $
Enzyme (MLN) $ 139.64 -8.6% 16.7% $ 202,440,741
Perpetual Protocol (PERP) $ 12.82 -7.3% -25.5% $ 702,817,808

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday, September 24, 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 $ 172,806,241 dollars calculated and 21.1 percent decreasing in Wonderland (TIME) protocol $ 3,067.96 is marketed as.

11.4 percent falling in rate Lido DAO (LDO) from $ 4.79 while processing, 9.1 percent depreciating JOE (JOE) Yes $ 3.94 level.

In addition, the data 8.6 percent falling Enzyme (MLN) protocol from $ 139.64 when changing hands 7.3 percent decreasing in Perpetual Protocol (PERP) $ 12.82 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) that operate automatically and based on the logic of “if this condition is met, the following will occur” are among the important parts of 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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