Introduction

The Avalanche platform has experienced remarkable growth, as evidenced by the doubling of active users reported by Messari compared to the previous year. The Avalanche ecosystem has also witnessed significant expansion. As the blockchain continues to attract more active users, various projects within the network are competing to attract users and capital, making it a dynamic and competitive environment.

However, assessing the success of each project and making comparisons is a complex task due to the diverse aspects of success. Commentators may consider different metrics when determining the success of a project..

This dashboard aims to address this challenge by evaluating DeFi protocols and DEXes on Avalanche from various perspectives, utilizing different metrics to provide a comprehensive competitor analysis of projects on the Avalanche blockchain.

The assessment will focus on three main aspects: Basic Stats, User Engagement, and Asset Flow. By analyzing these key areas, we can gain valuable insights into the performance and impact of each project on the Avalanche platform.

Methodology

The ranking of DeFi protocols and DEXes will be based on several basic statistics. These basic stats include the number of transactions and fees generated, as well as the number of active users and new users. In the case of DEXes, the number of swaps will also be taken into account.

When evaluating user engagement, two closely related but distinct metrics are considered: User Retention Rate and User Stickiness. The User Retention Rate indicates how loyal users are to a specific protocol or product, while User Stickiness measures the value of the platform or protocol to users.

In terms of asset flow, we present both inflow and outflow of assets to DeFi protocols, considering total flow and net flow as key metrics.

More about the Author

• Twitter: @SocioCrypto
• Discord: SocioCrypto#1741
• Flipside Profile

Further Reading

• Avalanche High-level Dashboard

• Avalanche Ecosystem Growth Dashboard