While the DeFi industry fell back, only this token achieved a double-digit increase

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

As of Tuesday, September 21, 2021, DeFi Llama data shows the total amount of locked assets in the decentralized financial ecosystem. $ 166.13 billion show how.

According to CoinGecko data, the total market capitalization of DeFi protocols is $ 112.16 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
Convex Finance (CVX) $ 9.10 12.4% -4.9% $ 234,476,256 $
Hegic (HEGIC) $ 0.177 6.0% -2.6% $ 103,458,821
Wonderland (TIME) $ 2,402 5.8% 61.1% $ 99,205,767
Alpaca Finance (ALPACA) $ 1.06 5.5% 4.3% $ 154,699,401
UMA (UMA) $ 10.74 4.1% 3.4% $ 674,991,322

DeFi protocols that get the most value in 24 hours. Source: CoinGecko (Tuesday, September 21, 2021)

As of Tuesday morning, September 21, 2021, the most valued DeFi protocol in the last 24 hours 12.4 percent with Convex Finance (CVX) it happened. Total market value of the protocol $ 234,476,256 reaching 1 Convex financing (CVX) at $ 9.10 began to change hands.

The second most valuable protocol in 24 hours is 6.0 percent with an increase Hegic (HEGIC) registered as. Hegic (HEGIC) from $ 0.176745 it is being negotiated. 5.8 percent going up to the beat Wonderland (TIME) protocol $ 2,402.61 level.

According to the shared data, 5.5 percent increasing rate of Alpaca Finance (ALPACA) $ 1.06 and right after 4.1 percent growing UMA (UMA) if the protocol $ 10.74 it is negotiated.

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

Token name Price 24h 7g Market value
Anchor Protocol (ANC) $ 2.84 -16.6% -22.4% $ 330,149,723
JOE (JOE) $ 2.68 -12.9% 40.2% $ 228,415,788 $
Covalent (CQT) $ 1.04 -11.9% -14.7% $ 119,131,964
Ellipsis (EPS) $ 0.532 -11.6% -14.3% $ 202,837,265
RAMP (RAMP) $ 0.297 -11.5% -20.1% $ 104,887,933

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Tuesday, September 21, 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 $ 330,149,723 calculated and 16.6 percent decreasing in Anchor Protocol (ANC) protocol $ 2.84 is marketed as.

12.9 percent falling in rate JOE (JOE) from $ 2.68 while processing, 11.9 percent depreciating Covalent (CQT) Yes $ 1.04 level.

In addition, the data 11.6 percent falling Ellipsis dots (EPS) protocol From $ 0.531839 when changing hands 11.5 percent decreasing in RAMP (RAMP) $ 0.297083 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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