TIME, CREAM and FIDA soar as DeFi pauses

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

As of Thursday, September 30, 2021, DeFi Llama data shows the total amount of locked assets in the decentralized financial ecosystem. $ 177.33 billion show how.

According to CoinGecko data, the total market capitalization of DeFi protocols is $ 117.15 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
Wonderland (TIME) $ 3,148 21.2% -10.0% $ 173,706,447
Cream (CREAM) $ 153.19 16.3% -2.8% $ 116,829,730 $
Bonfida (IFAD) $ 6.43 10.6% 3.0% $ 315.993.469
Olympus $ 740.73 8.8% 17.6% $ 1,579,554,797
ETH2x (ETH2X-FLI) $ 117.70 8.6% -3.2% $ 109,087,814

DeFi protocols that get the most value in 24 hours. Source: CoinGecko (Thursday, September 30, 2021)

On the morning of Thursday, September 30, 2021, the most valued DeFi protocol in the last 24 hours 21.2 percent with Wonderland (TIME) it happened. Total market value of the protocol $ 173,706,447 reaching 1 Wonderland (TIME) from $ 3,148.15 began to change hands.

The second most valued protocol in 24 hours is 16.3 percent with an increase Cream (CREAM) registered as. Cream (CREAM) from $ 153.19 it is being negotiated. 10.6 percent going up to the beat Bonfida (IFAD) protocol $ 6.43 level.

According to the shared data, 8.8 percent increasing rate of Olympus (OHM) $ 740.73 and right after 8.6 percent growing ETH 2x Flexible Leverage Ratio (ETH2X-FLI) if the protocol $ 117.70 it is negotiated.

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

Token name Price 24h 7g Market value
Composite (COMP) $ 301.84 -9.2% -12.8% $ 1,772,716,954 $
Perpetual Protocol (PERP) $ 14.77 -8.6% 5.9% $ 815,717,257
JOE (JOE) $ 3.42 -8.4% -22.8% $ 313,931,662 $
BarnBridge (BOND) $ 24.90 -8.4% 7.9% $ 112,663,503 $
RAMP $ 0.261 -4.4% -15.4% $ 94,464,702

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Thursday, September 30, 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 $ 1,772,716,954 calculated and 9.2 percent decreasing in Composite (COMP) protocol $ 301.84 is marketed as.

8.6 percent falling in rate Perpetual Protocol (PERP) at $ 14.77 while processing, 8.4 percent depreciating JOE (JOE) Yes $ 3.42 level.

In addition, the data 8.4 percent falling BarnBridge (BOND) protocol from $ 24.90 when changing hands 4.4 percent decreasing in RAMP (RAMP) $ 0.261060 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 abuse.

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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