DeFi upset: No rising except for UMA

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

DeFi Llama as of Friday, June 17, 2022 datasthe total amount of locked assets in the decentralized finance ecosystem. $74.78 billion shows as.

CoinGecko to the data According to the total market value of DeFi protocols, $35.49 billion is calculated as.

DeFi upset: No rising except for UMA

Total assets (USD) locked on DeFi. Source: DeFi Llama

TOP 3 – The most profitable DeFi protocols in 24 hours

Token Name Price 24h 7g Market value
UMA (UMA) $2.74 5.4% -8.5% $184,089,560$
Neutrino USD (USDN) $0.9788 1.9% 1.0% $788,278,047
Wonderland (TIME) $40.57 1.8% -15.3% $36,606,837

DeFi protocols that gain the most value in 24 hours. Source: CoinGecko (Friday 17 June 2022 10:01)

As of Friday, June 17, 2022, the most valued DeFi protocol in the last 24 hours 5.4 percent with UMA (UMA) it happened. Total market value of the protocol For $184,089,560 reaching, 1 UMA (UMA) at $2.74 started to change hands.

The second most valuable protocol in 24 hours is 1.9 percent with the increase Neutrino USD (USDN) recorded as. Neutrino USD (USDN) at $0.978816 is being traded. 1.8 percent rising at the rate Wonderland (TIME) protocol $40.57 level.

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

Token Name Price 24h 7g Market value
Rari Governance (RGT) $5.23 -23.1% -15.2% $59,306,220
Augur (REP) $8.29 -16.6% -11.4% $61,655,213
Bancor Network (BNT) $0.6068 -14.6% -54.1% $166,086,841$
Keep3rV1 (KP3R) $102.95 -14.1% -20.8% $40,075,595
Lido DAO (LDO) 0.5501$ -12.9% -46.4% $235,958,939

DeFi protocols that lost the most value in 24 hours. Source: CoinGecko (Friday 17 June 2022 10:01)

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 $59,306,220 calculated and 23.1 percent declining in Rari Governance (RGT) protocol $5.23 is traded as.

16.6 percent falling in rate Augur (REP) at $8.29 while processing, 14.6 percent depreciating Bancor Network (BNT) if $0.606825 dollars level.

Also, the data 14.1 percent falling Keep3rV1 (KP3R) protocol from $102.95 when changing hands 12.9 percent declining in Lido DAO (LDO) 0.550070 dollars 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?

The views and comments expressed here are solely those of the author. It may not reflect the views of Cointelegraph. Every investment and trading move involves risk. You should do your own research when making a decision.

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