Flipside World Cup Round of 8: Crosschain Defi Monitoring - Flow
Dashboard structure
This dashboard is a continuation of the "Flipside World Cup Round of 8: Crosschain Defi Monitoring" dashboard. In the mentioned dashboard, Ethereum, Algorand, Flow, Near, Thorchain, and Solana blockchains have been compared regarding DeFi swapping activity.
In this dashboard, the swap activities on ==Flow==have been analyzed in depth.
What is a DEX?
A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. In the absence of a central authority, DEXs employ smart contracts that self-execute under set conditions and record each transaction to the blockchain. These trustless, secure transactions represent an accelerating segment of the digital asset market, and are pioneering new financial products.
Source: gemini.com
