NEST Protocol DeFi Market Value Up 51% in 1 Day

Recently, the decentralized finance sector has begun to lose confidence due to the market situation, but there are also good things that can be traced not only in NFTs, which we talked about earlier, but also in the DeFi sector. This time, excellent performance was seen on the NEST Protocol platform. Investors who managed to invest in this platform a day ago were able to make 51.6% profit in 24 hours.

Now the cost of one NEST Protocol token is $0.03. This allowed us to enter the top 180 coins on the main cryptocurrency market aggregator Coinmarketcap due to increased capitalization, which overcame the $87,000,000 bar and significantly approached the $88,000,000 threshold. At the same time, it is worth noting that the trading volume of the NEST Protocol token has crossed the $12,000,000 mark.

Otherwise, the field of decentralized exchanges is going through hard times, and the projects representing this sector now cannot even come close to the indicator that was recorded in the case of the NEST Protocol, if we are talking about daily profit. Despite this, Raydium and Mdex were able to stand out from their competitors.

Raydium was able to rise to $0.234 in a day, which means a profit of 11.23% more than yesterday. The market capitalization of RAY was also able to surprise and surpassed the mark of $36,000,000. The volume of trades conducted by traders on the RAY token should not be left without attention. In total, over 24 hours, crypto asset traders from all over the world conducted transactions in the amount of $128,300,000.

As for the other Mdex project we mentioned, its cost increased by 10.6% compared to yesterday's figures. Now the token is valued at $0.082, and the total capitalization of the coins is fixed at above $77,000,000. Traders on all exchanges conducted a decent number of trades and put into circulation tokens equivalent to more than $89,000,000.

Despite the fact that Mdex and Raydian have a good increase over the past day, in general, the value of the tokens fell by 52.11% and 53.99%, respectively, compared to October 2022.

If we talk not only about the winners in the decentralized finance sector, but also about the other side of the coin, then DFI.Money has become such a clear example. Over the past 24 hours, the cost of the decentralized platform token has fallen to $1,600, which is 14.3% less than on November 21. The total capitalization of DFI.Money, in turn, is $61,700,000. The total trading volume by traders has almost reached the $300,000,000 mark. This, by the way, is 50% less than it was yesterday.