{"uuid":"63a80a4a-ffd1-4055-7f5e-054535c3faa7","categoryUuid":"7da7918d-5648-48ec-7267-812a87fac227","data":{"meta":{"name":"DeFi Blue-Chips: Core On-Chain"},"configs":[{"meta":{"refUuid":"83b9a537-c5b0-492e-4dcd-47446625b092"},"uuid":"34731a0b-c624-4372-aac6-cbddaa22f5db","configType":"workbench"},{"meta":{"content":"### DeFi Blue-Chips: On-Chain Metrics\n\n---\n\nThis dashboard contains a suite of metrics which describe the foundational components and performance of the top DeFi tokens. Metrics cover supply, on-chain activity and exchange net flows.\n\nThe Defi Blue-Chips Index shows the average price of the Blue-Chips DeFi token weighted by their circulating supply. It is intended to showcase a general price trend for the DeFi Blue-Chip tokens.\n\nIt is not to be confused with similiarly named token sets that serve as financial products included in a different selection of token."},"uuid":"090045c2-cc9b-40ac-9d5d-0a02565097cc","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"541c5f15-cd02-4f68-42d3-61de029b53eb"},"uuid":"6561bd5f-273f-42f8-a905-e659c939d771","configType":"workbench"},{"meta":{"content":"## DeFi Blue-Chip Tokens\n\n---\n\nThe DeFi Blue-Chip tokens were selected based on market capitalization and market penetration status.\n\n\u003e 1. Uni \n\u003e 2. Aave \n\u003e 3. Maker \n\u003e 4. Curve \n\u003e 5. Synthetix\n\u003e 6. Compound \n\u003e 7. Balancer \n\u003e 8. Sushi\n\n"},"uuid":"596c1dc0-af99-44d3-8f55-6e2e7b153b84","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"2d7bfc42-e98c-4d26-7ec8-dd192a8897a1"},"uuid":"f34e138c-5af0-4609-ac54-224d850b0836","configType":"workbench"},{"meta":{"refUuid":"9398d1b1-64ab-4502-6496-5a8c3c9fefe1"},"uuid":"36aa222b-2322-470e-9f3d-f125ad266623","configType":"workbench"},{"meta":{"refUuid":"3f302d1e-0dd4-4acf-6466-8993d8aefb5b"},"uuid":"236a75d4-9c75-472f-a11c-d18d8bbaf55e","configType":"workbench"},{"meta":{"refUuid":"4778276e-bf8f-4906-5d04-9187a7db6ede"},"uuid":"87a86370-0c21-4040-ab93-75bedadddd84","configType":"workbench"},{"meta":{"content":"### DeFi Market Cap by Sector\n\n---\n\nIn this chart we are break the DeFi industry down into three different sectors:\n\n- **🔵 Decentralized Exchanges** including Automatic Market Maker (AMM) protocols which replace the traditional order book method. With the use of smart contracts, trades use liquidity pools instead of being matched up with individual traders. Liquidity pools require two or more assets to be locked up into a smart contract, with depositors earning trading fees as an incentive. This sector includes UNI, BAL, CRV, and SUSHI.\n\n- **🟣 Money Markets** allow users to deposit collateral, and borrow/lend digital assets on-chain. Money Markets are often governed by smart contracts and socio-economic incentive structures enabled by token voting mechanisms. This sector includes MRK, COMP, and AAVE.\n\n- **🟢 Synthetic Assets** are tokenized derivatives. Synthetic assets can be a representation of a traditional financial instrument such as bonds, stocks or commodities, making these real world assets tradable on-chain. Often, price pegs are maintained by way of oracle price feeds. They can also represent a synthetic version of cryptocurrencies themselves. This sector includes SNX."},"uuid":"5850620f-6333-4c41-ae39-58007702e584","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"content":"## DeFi Token: On-Chain Activity\n\n---\n\nActive, New and Non-Zero Addresses provide a high level overview of the relative activity of DeFi token holders. \n\n\u003e Note that an increase or decrease in activities around DeFi tokens does not necessarily reflect higher or lower adoption of the underlying protocol, as these tokens have different uses. Some have utility within their respective platforms, while others are purely pseudo-equity or governance tokens, used for voting on various issues that govern the respective DeFi project. \n\n---\n\nThe number of **New Addresses** on-chain can be an effective tool to gauge both the magnitude, trend and momentum of increasing demand for the DeFi token and potentially for the respective DeFi product.\n\nDue to intraday volatility in on-chain activity metrics, the absolute value of new addresses on any given day can be uninformative. However, comparing the magnitude and trend of new addresses entering the market on a monthly and yearly basis can be much more informative.\n\nThis metric, compares the monthly average 🔴 of new addresses against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for DeFi token demand.\n\n- Monthly 🔴 \u003e Yearly 🔵 indicates an expansion in DeFi token holders and hence an expansion in demand for DeFi token holders. \n \n\n- Monthly 🔴 \u003c Yearly 🔵 indicates a contraction of new users and could potentially showcase a deteriorating of the adoption of the underlying DeFi product. \n"},"uuid":"a26655c6-9ae1-425c-8d05-01922fc41b22","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"df46841f-2d47-4e45-55ce-9b8286147bd0"},"uuid":"b37d3aca-fa0e-48ce-b9d3-258ee93c8d63","extra":{"zoom":"Reset"},"configType":"workbench"},{"meta":{"content":"## DeFi Tokens: Non-Zero Addresses\n\n---\n\n**Non-Zero Addresses** 🟣 reflect adoption or abandonment of DeFi token and the industry in general. \n\nAs DeFi token often represent governance rights and ownership into the underlying protocol, a change in the number of Non-Zero Addresses can reflect aggregate market sentiment towards the respective protocol. \n\nThe **Average Token Holder Balance** 🔵 provides insight into the distribution of DeFi tokens, and hence serves as useful gauge for governance power accumulation among the respective stakeholders of the DeFi protocols. \n"},"uuid":"ad9d57fc-b03b-4f81-8733-7b934a6a91ba","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"bbf391f0-1553-4875-6941-9c864463c84b"},"uuid":"d11ad30e-0b6f-4c7f-81ed-5a897e52ddd8","configType":"workbench"},{"meta":{"refUuid":"85a3ccd8-83b7-40bb-60e3-b976e4d93893"},"uuid":"cd6f4cbe-31ef-452b-be73-9fc2bd5f4939","extra":{"zoom":"Reset"},"configType":"workbench"},{"meta":{"content":"## DeFi Token Transaction Count Momentum\n\n---\n\n**Transfer Counts** provide a look into the relative token activity, but with a focus on the transaction throughput of the network.\n\nThis metric, compares the monthly average 🔴 transfer count against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity.\n\n- Monthly 🔴 \u003e Yearly 🔵 indicates an expansion in on-chain activity, typical of growing demand for DeFi token utilization.\n\n- Monthly 🔴 \u003c Yearly 🔵 indicates a contraction in on-chain activity, typical of deteriorating demand for the utiliation of DeFi token. "},"uuid":"1006646b-c4ed-4bd0-9822-62f903ccd23a","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"content":"## DeFi Tokens: Transfers per Active Address\n\n---\n\nAddress activity 🟣 reflects the activity of existing token holders, considering both sending and receiving events. \n\n- **Increasing Address Activity** is characteristic of periods of growing attention for DeFi token, and often their underlying protocol. In the case of DeFi, token holders either sell or purchase more DeFi tokens, or put tokens to use as collateral, or in governance votes. Higher relative values over time suggest a higher usage of the token and can be an indicator for a demand. \n\n- **Decreasing relative activity** is characteristic of periods where user attention and demand for DeFi tokens, and the industry is waning. Usage around DeFi token contracts, which indicates a more lackluster demand profile, and often the creation of over-head supply.\n\nWhile address activity measures the activity of the entirety of token holders, the **Average Number of Transfers per Address** 🟢 measures individual activity.\n\n- An increasing number of transfers per wallet could be an indicator for unusual events surrounding the token. It may also suggest rising usage by a subclass of holders due to a mania around a particular DeFi token, or its respective protocol.\n\n- A decrease in transfers per wallet can indicate a leveling out of activities related to the DeFi tokens. It may not necessarily reflect a decrease in DeFi activities per se, as token holders can stake assets within lending or liquidity pools, and thus actively earn rewards and fees from DeFi platforms, without it being recorded on-chain. \n"},"uuid":"4f41afb6-d096-43d1-b0c5-d6405b74ee52","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"ccebedbd-a3a6-47a6-4e0f-57a6cb0350c1"},"uuid":"1e13c5a6-a2a0-4a2e-bd07-64cd8096a59c","configType":"workbench"},{"meta":{"content":"## DeFi Token Transfer Rates\n\n---\n\nThe rate of token transfers per second provides a measure, and indication for on-chain activity associated with the tokens and the relevant sectors. In the case of DeFi tokens, this may be related to trading activities, token holders reacting to a risk of liquidation, or elevated yield farming activities. \n\nNote that one transaction can trigger one or more transfers. Only successful, non-zero transfers are counted."},"uuid":"f8d79da0-93ce-46d9-b7ec-4139d74cfbea","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"21464d96-b893-4af9-7ccd-00926c34320b"},"uuid":"ed2f6e98-eb2a-4283-a760-7738fbaf724b","configType":"workbench"},{"meta":{"refUuid":"0aa32e3e-7ea1-47d4-76e9-e63bc7bae50d"},"uuid":"a2134444-65fb-459b-9fbe-4c7070ee6898","extra":{"zoom":"Reset"},"configType":"workbench"},{"meta":{"content":"## DeFi Tokens: Supply in Smart Contracts\n\n---\n\nThese charts shows the supply held within Ethereum smart contracts, and in Uniswap liquidity pools as a percentage of the circulating supply of each stablecoin. Note that smart contract inflows/outflows of these stablecoins reflect only those issued on the Ethereum blockchain."},"uuid":"bf7c9a18-892d-4401-afe0-37dcc8a5eae2","extra":{"backgroundColor":"#ffffff"},"configType":"content"},{"meta":{"refUuid":"2f3ba234-f932-4466-6a1f-33dad1b77577"},"uuid":"e6aa10d0-d1a3-47b6-8022-862cd05e9d0b","extra":{"zoom":"2y"},"configType":"workbench"},{"meta":{"content":"### Disclaimer\n\n---\n\n*This dashboard and associated content does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. For for details, please refer to our [Terms and Conditions](https://studio.glassnode.com/terms-and-conditions).*"},"uuid":"958fb2b6-acf9-45e7-ac6c-9cf19ef34d64","extra":{"backgroundColor":"#ffffff"},"configType":"content"}],"layouts":[{"h":6,"i":"34731a0b-c624-4372-aac6-cbddaa22f5db","w":9,"x":3,"y":0,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"090045c2-cc9b-40ac-9d5d-0a02565097cc","w":3,"x":0,"y":0,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"6561bd5f-273f-42f8-a905-e659c939d771","w":9,"x":3,"y":6,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"596c1dc0-af99-44d3-8f55-6e2e7b153b84","w":3,"x":0,"y":6,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"f34e138c-5af0-4609-ac54-224d850b0836","w":12,"x":0,"y":12,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"36aa222b-2322-470e-9f3d-f125ad266623","w":6,"x":0,"y":20,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"236a75d4-9c75-472f-a11c-d18d8bbaf55e","w":6,"x":6,"y":20,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"87a86370-0c21-4040-ab93-75bedadddd84","w":8,"x":4,"y":28,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"5850620f-6333-4c41-ae39-58007702e584","w":4,"x":0,"y":28,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"a26655c6-9ae1-425c-8d05-01922fc41b22","w":4,"x":0,"y":36,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"b37d3aca-fa0e-48ce-b9d3-258ee93c8d63","w":8,"x":4,"y":36,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"ad9d57fc-b03b-4f81-8733-7b934a6a91ba","w":4,"x":0,"y":44,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"d11ad30e-0b6f-4c7f-81ed-5a897e52ddd8","w":8,"x":4,"y":44,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"cd6f4cbe-31ef-452b-be73-9fc2bd5f4939","w":8,"x":4,"y":50,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"1006646b-c4ed-4bd0-9822-62f903ccd23a","w":4,"x":0,"y":50,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"4f41afb6-d096-43d1-b0c5-d6405b74ee52","w":4,"x":0,"y":56,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"1e13c5a6-a2a0-4a2e-bd07-64cd8096a59c","w":8,"x":4,"y":56,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"f8d79da0-93ce-46d9-b7ec-4139d74cfbea","w":4,"x":0,"y":62,"minH":1,"minW":3,"moved":false,"static":false},{"h":6,"i":"ed2f6e98-eb2a-4283-a760-7738fbaf724b","w":8,"x":4,"y":62,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"a2134444-65fb-459b-9fbe-4c7070ee6898","w":6,"x":0,"y":72,"minH":1,"minW":3,"moved":false,"static":false},{"h":4,"i":"bf7c9a18-892d-4401-afe0-37dcc8a5eae2","w":12,"x":0,"y":68,"minH":1,"minW":3,"moved":false,"static":false},{"h":8,"i":"e6aa10d0-d1a3-47b6-8022-862cd05e9d0b","w":6,"x":6,"y":72,"minH":1,"minW":3,"moved":false,"static":false},{"h":4,"i":"958fb2b6-acf9-45e7-ac6c-9cf19ef34d64","w":12,"x":0,"y":80,"minH":1,"minW":3,"moved":false,"static":false}]}}