Layer 2 Dashboard

This segment focuses on monitoring the performance of all Layer 2 blockchain solutions within the broader multi-chain cryptocurrency world. It is especially geared towards providing crucial insights ahead of the anticipated Cancun upgrade, facilitating an intuitive understanding of the changes and developments within the Layer 2 landscape. This feature aims to enable users to easily track advancements, scalability solutions, and the overall impact of Layer 2 technologies on transaction speed, costs, and network congestion.

For Layer 2 Section, these can include but are not limited to:

  • TVL of different types of Chains:TVL quantifies the total value of assets staked, deposited, or locked within DeFi projects on a particular blockchain network. It reflects blockchain's attractiveness and utility in the DeFi sector, indicating the level of trust and engagement users have with its DeFi protocols.

  • Number of Protocols: This typically refers to the count of DeFi protocols operating on a blockchain network. Each protocol may serve different purposes, such as lending, borrowing, yield farming, or liquidity provision, contributing to the network's overall TVL and indicating the diversity and richness of its DeFi ecosystem.

  • Stablecoins Circulated on Chain: This metric signifies the total amount of stablecoins, which are cryptocurrencies pegged to stable assets like fiat currencies, circulating within a blockchain. Stablecoins play a crucial role in DeFi by providing a less volatile means of transaction and investment, acting as a bridge between traditional finance and cryptocurrencies.

  • Daily DEX Trading Volume: Refers to the total volume of trades conducted on decentralized exchanges (DEXs) within a 24-hour period. This metric highlights the liquidity and activity level of a blockchain's DeFi market, showing how frequently assets are traded in a decentralized manner without the need for traditional, centralized intermediaries.

Last updated