Whohoo Exchange Researcher Analyzes 3 DeFi Bargains

With so many DeFi projects, how do you find the potential for multiple DeFi tokens? The Hoo de Hoo Exchange Research Center has compiled the following three metrics to help users better understand the DeFi project:

1. Total Blocking Value (TVL)

The "Total Cost Lock (TVL, Total Charge Lock") is used to measure the reputation and strength of DeFi activities. TVL is an important data to understand the total interest of DeFi and is also a good indicator of the "market share" of the different DeFi processes. This is even more true when investors are looking for worthless DeFi operations. Several DeFi authors can track detailed TVL data, such as Defi Llama and DappRadar. Based on the aggregated channel data, traders can determine all market patterns, find lower targets, etc.

Using Defi Llama data as an example, the total registration rate in the DeFi protocol DeFiChain (DFI) has been increasing since July 2021. TVL hit record highs in December, but dipped slightly in December. Market sentiment in DeFi has fallen after a new high in December.

Full cost lock in DeFiChain (Source: Defi Llama)

While tracking DappRadar data, Bubbles from Hoo Exchange's Hoo Research Office found that our top three DeFi readers currently including TVL are Curve, WBTC, and Aave.

Project TVL Top 3 (Source DappRadar)

2. Community activities and development

Dune Analytics tracks these metrics in detail. From Dune Analytics data, you can monitor all users of your DeFi project, average number of active wallets per month, number of conversions. , and more. .

For example, you can see all DeFi users in the chart content below. A single user may have multiple locations and all users may be overestimated, but looking at the full map we can see that all DeFi users have grown exponentially since 2020.

All DeFi users (Dune Analytics site)

Cointelegraph Markets Pro can also provide mixed data such as market sentiment, volume, recent price movements, and Twitter functionality, while GitHub lets you monitor project development, code changes, and more.

Taking LUNA as an example, LUNA's VORTECS™ index has risen 182.53% on Cointelegraph Markets Pro, community data has increased recently, and the LUNA code on GitHub has also been updated regularly. So overall, the market for LUNA is booming.

About the LUNA VORTECS™ Index (Source: Cointelegraph Markets Pro)

3. Have a symbolic address

A Hoo Research Institute suggestion on Hoo Exchange states that the more ideas, the more token addresses, the more users, the greater the acceptance of the project. But in reality, there is also the potential to forge addresses. Users can create thousands of addresses and even fake addresses.

Number of placements per day in the DYDX viewer (Dune Analytics site)

Also note the address of the main owners. If most of the tokens are held by the design team, and the chips are highly concentrated, there may be a risk of high sales, if the team holds the tokens, the user community also holds a job, the number of residences and the proportion of large families on a regular basis It's healthy work. Therefore, when determining the number of addresses, it must be decided with a combination of factors such as community and TVL. ~