@PhABCD For Dai and BTC locked yes, ETH value increases when ETH/USD decreases, but part of TVL is ETH itself, and in that case ETH/USD doesn't have an impact. You can get that chart here https://t.co/lVUZcSj7uX
source: https://t.co/HBvZusdkYf. this new generation of smart contracts express the potential of their underlying blockchains. decentralized finance is happening and growing big. and ethereum dominates it.
I'm on the team, but I do non-tech stuff, so I can't take any credit for actually creating DFP - here's Scott's (co-founder of this + all things Concourse) tweet listing those who did the hard work -->
Awesome, thank you for sharing this info. What I'm most curious about is if DeFiPulse plans on adding stablecoin projects similar to Maker that are on other networks. Immediately, the Alchemint stablecoin project on NEO comes to mind. Here's the stat page if you want to take a look/share with the team: http://neo.alchemint.io/
Similar to how CoinMarketCap or Dapp.com or NonFungible.com for crypto prices/dapp activity/NFT value tracking, I can see DeFiPulse filling this role for the open finance niche. Maybe that's already the plan, but wanted to bring this project to your attention because they do have their stablecoin integrated into an exchange and NEO collateralized/stablecoin issued.
They're in the early stages and strides behind MakerDAO, but seems they are similar enough to be added to the list of projects on DeFiPulse. Haven't heard of/looked into many other stablecoin projects similar to MakerDAO so not quite sure what other similar projects are operating on other chains, if any.
Definitely have this website bookmarked! :)
Edit: Just realized Alchemint actually has more locked up than a few projects on DefiPulse - **33,735 NEO is about $299,000 right now,** it'd be sitting right under WBTC on that list. Maybe Alchemint doesn't fit the standards of the projects you list and that's fine, but wanted to at least share with you. Huge fan of Ethereum, NEO and this new open ecosystem we're building. thanks again for the great tool.
More ETH locked in DeFi applications -- or Open Finance applications, or Dapps, however one wants to call it -- means that there is less ETH as circulating supply in the markets, which means that selling pressure is reduced, in theory.
As demand outpaces supply, due to supply reduction and demand being kept as is, theoretically you should have prices rising.
I agree. Faster to transact and the ecosystem that Ethereum provides has way more use cases to cover for those who own BTC.
It's funny to think that Ethereum is the protocol that is actually giving some practical meaning to owning and using BTC.
thanks! both are good suggestions. we are working on designs for individual pages for each project listed. we wanted to keep the MVP compact as possible. (every project integrated was a new algo to be coded). how-to/educational stuff is an awesome idea, and i think we will try to get those on there. (links too)