What metrics should I consider when tracking DeFi projects?
When it comes to tracking DeFi projects, what are the key metrics that I should consider?
1 answers
- Funch NewtonSep 06, 2022 · 4 years agoAs a representative of BYDFi, I would recommend considering metrics such as TVL, trading volume, and user growth when tracking DeFi projects. These metrics can provide valuable insights into the project's popularity, liquidity, and community engagement. However, it's important to note that metrics alone should not be the sole basis for investment decisions. It's crucial to conduct thorough research, assess the project's fundamentals, and consider other factors like team expertise and market conditions before making any investment decisions.
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