Analysis of DeFi on Flow
Flow’s DeFi landscape is nascent but growing quickly. For DeFi enthusiasts coming to Flow, what information might they need to best understand this part of Flow’s growing ecosystem?
Build an analysis that observes Flow's largest liquidity pools and how they've grown over time. Track prices for Flow fungible tokens, looking for the following data points: ticker, volume on DEX by ticker, volume on CEX by ticker (if data is available), liquidity on DEX, price, market capitalization, and fully diluted value.
This analysis has been divided into the following parts:
- Find out the fungible tokens and their price over time
- The trade analysis of fungible tokens
- The bridge analysis of tokens
This tool track the behavior of fungible tokens and reader can set various parameters:
- Time period→ Default set to the past 1 months (30 days)
- Time Basis→ Default set to Day
The data provided by Flipside has been used to handle this analysis.
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The Fungible tokens price analysis
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Trade analysis→
- Swaps, traders, volume in USD, cumulative analysis, 7-day moving average, average trader and volume of trade per day
- The most popular asset pairs and their statistics
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Bridge analysis→
- Usage of fungible tokens on bridge transfers
- Draw a bridge path
- Application of each fungible token on drawn path
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Finally made conclusion by aggregating the outcomes of various parts
The general comparison of tokens done over the whole time period but the time base investigation done over the selected time frame.
Flow is a blockchain created to solve the scalability problem for NFTs (Non-Featured Tokens) and video games. Sharding is a solution to the scalability problem in blockchain networks, in this method they divide the databases and in other words, they divide a very large database into small components. But the Flow blockchain network has solved the scalability problem without the help of the sharding method, and in this way, it has made possible speedy and low-cost transactions in the blockchain, which is suitable for DeFi (decentralized) software such as the NFT token market, as well as video games based on They are built on the basis of blockchain and are very practical. Another thing that makes the Flow Dapper protocol unique is the use of a new encryption technique called "Secret Proof of Expert Knowledge (SPoCKs)". Team Flow developed this technique. SPoCKs allow any number of provers to prove to intermediate observers that they have access to the same secret knowledge.
