Introducing Dexbrowser V2: How Can We Take Full Use of the Website
Find the trending on Dexbrowser Aggregator
MARKET GENERAL OVERVIEW
Decentralized finance (DeFi) was one of the driving forces behind this year’s surge in the cryptocurrency market. But as the saying goes, “markets take the escalator up and the elevator down,” and given the volatile nature of the crypto market, it seems that the elevator has been on a free fall of recent.
Stay updated with market changes through our special features on Dexbrowser.
Price changes monitoring.
It is imperative for traders to be able to monitor and cut their losses on every of their trading pairs. With the Dexbrowser feature on the dashboard, it becomes easier for traders to monitor every slight change in price every time on their trading pairs.
Gini coefficient is a measure of statistical dispersion intended to represent the inequality among values of a frequency distribution such as levels of incomes. The Gini coefficient of BTC is currently at 0.999 as against 0.88 in 2018. On our dashboard features gives access to the Gini coefficient of some of crypto to keep updated.
WHAT IS TOTAL VALUE LOCKED (TVL)?
The total value held by the DeFi platform within its smart contracts is called the Total Value locked or TVL. It is representative of all the funds present across platforms in transactional, lending, and borrowing capacities.
While TVL is a measure only specific to DeFi projects the market cap is applicable for any blockchain-based platform that issues its own tokens. The calculation of TVL varies from platform to platform. TVL is an important metric for DeFi platforms specific to lending and swapping. Dexbrowser shows the TVL of SpookySwap and other projects. The total liquidity in USD of spookyswap dropped from 1.66B on 1–17–2022 and sits presently at 727.67M more than 50% drop.
INSIGHT ABOUT SPOOKYSWAP INDEX
SpookySwap INDEX represents the average price status of the top ten most staked transaction pairs. The index equals to the sum of the total locked value of the selected 10 pairs divided by a constant. This index updates every minute.
FANTOM MARKET ANALYSIS
Fantom (FTM) has had a massive run during 2020 and most of 2021. It corrected by the end of 2021 and formed a range. There were deviations on both sides of the range. These deviations might have trapped many traders. A solid, sustainable break above $2 would be very bullish for FTM. A new uptrend could begin if that would be the case.
Dexbrowser, the premier Web3 data aggregator, is developing a suite of tools to make decentralized trading more accessible and profitable to all. Decentralized trading, liquidity pools, and staking solutions are widespread yet often difficult to access in the current landscape. Dexbrowser aims to combine all these aspects under one roof to make them more accessible and help users achieve much higher profitability than before.