Flipside World Cup Round of 8: Crosschain Defi Monitoring - Thorchain
Description of work
In this dashboard, we want to analyze and compare DeFi swapping activity across different DEXs on Ethereum.
This dashboard includes the following sections:
- Introductions
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Dashboard structure
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What is a DEX?
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- Comparison of swapping activity across different DEXs on Thorchain
- Deeper dive in each DEX on Thorchain
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 DEXs on ==Thorchain== 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
2 → Comparison of swapping activity across different DEXs on Thorchain
- In this section, you can compare DEXs together using the “Compare_DEXs“ drop-down list on the top of the dashboard, and you can change the time span of results and charts using the “Timespan“ drop-down list.
- Also, you can change the time frame of charts using the “Time_Frame“ drop-down list.
