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Altcoin Roundup: 3 metrics that traders can use to effectively analyze DeFi tokens

Published 12/10/2021, 06:30 PM
Updated 12/11/2021, 08:00 PM

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 pulls and protocol hacks that can give new users the experience of being 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 twitter and trading volume dashboard. Source: Cointelegraph Markets Pro
Total value locked on DeFiChain. Source: Defi Llama

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