We share with you daily data of the decentralized finance (DeFi) ecosystem.
DeFi Llama as of Wednesday, April 20, 2022 datasthe total amount of locked assets in the decentralized finance ecosystem. $215.67 billion shows as.
CoinGecko to the data According to the total market value of DeFi protocols, $127.16 billion is calculated as.
Total assets (USD) locked on DeFi. Source: DeFi Llama
TOP 5 – The most profitable DeFi protocols in 24 hours
| Token Name | Price | 24h | 7g | Market value |
| linear | 0.0299$ | 38.0% | 44.0% | $105,942,799 |
| Synthetix Network Token (SNX) | 6.17$ | 18.1% | 24.3% | 1,348,872,013$ |
| API3 (API3) | $4.81 | 14.0% | 16.9% | $247,673,820$ |
| dYdX (DYDX) | 5.04$ | 12.1% | 6.0% | $463.430.078$ |
| Venus (XVS) | $11.25 | 11.2% | 15.9% | $146,074,386 |
DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Wednesday, April 20, 2022 10:24)
As of Wednesday, April 20, 2022, the most valued DeFi protocol in the last 24 hours 38.0 percent with linear it happened. Total market value of the protocol For $105,942,799 reaching, 1 Linear (LINA) from $0.02987417 began to change hands.
The second most valuable protocol in 24 hours is 18.1 percent with the increase Synthetix Network Token (SNX) recorded as. Synthetix Network Token (SNX) at $6.17 is being traded. 14.0 percent rising at the rate API3 (API3) protocol $4.81 level.
According to the shared data, 12.1 percent rising rate of dYdX (DYDX) $5.04 and right after 11.2 percent growing Venus (XVS) if the protocol $11.25 is traded on.
TOP 5 – DeFi protocols that lost the most value in 24 hours
| Token Name | Price | 24h | 7g | Market value |
| Redacted Cartel (BTRFLY) | $146.39 | -17.8% | -39.0% | $125,307,972 |
| Kyber Network Crystal Legacy (KNCL) | $4.26 | -5.1% | 10.1% | $223,102,056 |
| Maple (MPL) | 53.48$ | -3.5% | -11.5% | $266,758,000 |
| Kyber Network Crystal (KNC) | $4.27 | -2.8% | 10.8% | $437,734.983$ |
| Orion Protocol (ORN) | $3.30 | -1.4% | -16.0% | $113,037,579 |
DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Wednesday, April 20, 2022 10:24)
According to the shared data, when we look at the declining names of the decentralized finance (DeFi) sector within 24 hours, the total market value $125,307,972 calculated and 17.8 percent declining in Redacted Cartel (BTRFLY) protocol $146.39 is traded as.
5.1 percent falling in rate Kyber Network Crystal Legacy (KNCL) from $4.26 while processing, 3.5 percent depreciating Maple (MPL) if $53.48 level.
Also, the data 2.8 percent falling Kyber Network Crystal (KNC) protocol from $4.27 when changing hands 1.4 percent declining in Orion Protocol (ORN) $3.30 was traded.
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 built on blockchain networks, is ranked among the most important developments for the creation of next-generation digital currency infrastructures.
In DeFi structures, it is aimed not only to provide decentralized financial services, but also to provide trust to the participants. Because the absence of anyone in the administration means that abuses are prevented.
Smart contracts, consensus protocols and decentralized applications (Decentralized Application – DApp), which are based on the logic of “if this condition is met, will take place” and operate automatically, are among the important parts of decentralized finance structures.
For detailed information: What is DeFi? What Does Decentralized Finance Mean?
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