What is DeFi?

DeFi (or "decentralized finance") is an umbrella term used to describe the financial services present on public blockchains, most notably Ethereum. With DeFi, you can choose most of the services offered by banks: earn interest, borrow money, lend money, buy insurance, trade derivatives and assets, and much more. However, this method is faster, requires no paperwork, and you don't need a third party. As with cryptocurrencies in general, DeFi's are global, peer-to-peer (i.e., between two people, without relying on a centralized system), use synonyms, and are open to all people.

DeFi starts from the basic premise of Bitcoin (digital money) and extends the concept to create an entirely new digital alternative to Wall Street, but one that does not generate all the costs that come with it (think office towers, trading floors, or bankers' salaries). All of these advantages together have the potential to create more open, free and fair financial markets that anyone can access with just an Internet connection.

What are DEXes?

A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions are conducted directly between crypto traders. DEXs fulfill one of the main possibilities of cryptocurrencies: to encourage financial transactions that are not officiated by banks, brokers or any other intermediaries. Many popular DEXs, such as Uniswap and Sushiwap, run on the Ethereum blockchain.

Unlike centralized exchanges such as Coinbase, DEXs do not allow fiat-to-crypto exchanges - instead, they exclusively exchange cryptocurrency tokens for other cryptocurrency tokens. Through a centralized exchange (or CEX), you can exchange fiat for crypto (and vice versa) or crypto-crypto pairs - for example, part of your bitcoin for ETH. Decentralized exchanges, on the other hand, are simply a set of smart contracts. They set the prices of various cryptocurrencies algorithmically and use "liquidity pools," in which investors lock in funds in exchange for rewards.

The intention of this dashboard is to take a look at the usage of NFTs across all the changes to compare how users are using the token on each of them. As well, the reader can choose which chain considered to carry out a more detailed analysis. The chains included in the analysis are: Algorand, Ethereum, Flow, Near, Osmosis, Solana and Thorchain.

The main objective is to create a dashboard that compares and monitors which chains are most active and liquid in their swapping activity over DEX platforms. As well, a more secondary objective is to lead the reader to show not only an overall comparison of all the chains together, but also to go dive deeper into a selected chain.

The main metrics analyzed are:

• Amount of swaps, average volume swapped, and number of swappers
• Distribution of swaps (market share) by DEX
• Stablecoins popularity accross chains
• Metrics by DEX for each specific chain
• Metrics by top 10 asset swapped to and from for each specific chain

Instructions for parametrization

The intention of the dashboard is to show a comparison about the swapping activity accross all the chains and to analyze in a dive deep manner each of the chains. So, the idea here is to make the dashboard as more as personalized for the reader as possible. To do that, several parameters have been created to be selected by the reader.

The main parameters are:

• Number: number of days, weeks or months selected to be analyzed
• Period: to determine the timeframe of the dashboard → days, weeks or months
• Periodocity: the reader can select if the visualizations are by days, weeks or months
• Chain: reader can select which chain will be analyzed in a dive deep to be presented after the comparison approach.

So, the steps to follow are: first choose the parameters and fill each of them above the dashboard. Once the parameters are selected, press the Apply All Parameters button to be applied.

Metrics Comparison across all the chains

Overview

Methods

Number of swaps, swappers, volume swapped and average volume swapped on each chain

Distribution of volume and transactions

Deep analysis about the selected chain (it can be choosen through the parameters above. Please see instructions section)

Number of swaps, swappers, volume swapped and average volume swapped by DEX

Stablecoin popularity study accross selected chain

Popular assets swapped across all the chains

Number of swaps, swappers, volume swapped and average volume swapped by top 10 asset swapped to

Number of swaps, swappers, volume swapped and average volume swapped by top 10 asset swapped from

Stablecoin popularity accross all the chains

What are the most popular times to perform swaps?