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3 metrics that traders can use to effectively analyze DeFi tokens -Breaking

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Much to the chagrin of cryptocurrency proponents who call for the immediate mass adoption of blockchain technology, there are many “digital landmines” that exist in the crypto ecosystem such as Rug pullsProtocol hacks and other tricks that give you the feeling of getting lost at sea.

There’s more to investing than just technical analysis and gut feelings. Over the past year, a handful of blockchain analysis platforms launched dashboards with metrics that help provide greater insight into the fundamentals supporting — or the lack thereof — a cryptocurrency project.

Olympus daily new users. Source: Dune Analytics
CT Markets Pro trading volume and twitter dashboard. Source: Cointelegraph Markets Pro
DeFiChain total value Source: Defi Llama