Data is our best bet to understand the past, present, and future.
In traditional finance, obtaining data is relatively difficult. On the other hand, the blockchain has broken barriers to data, giving everyone access to a giant ledger of information. However, the amount of available data has created another problem: Finding valuable information is complicated.
There are dozens of tools out there to help people analyze DeFi data with a variety of metrics. However, these metrics are mostly quite basic. In this article, we will introduce the most useful metrics as well as the more advanced data available on Footprint Analytics’ upcoming tool, DeFi 360,
Basic Data
TVL
TVL is usually the first metric people look at and it reflects the total value of all assets locked by users. TVL growth is often used to judge whether the project is in an upward trend.
Footprint Analytics – TVL Trend
TVL is measured in dollars. Since cryptocurrency prices change rapidly, it is difficult to see whet
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