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Guides on crypto assets, the metrics we track, and how to set up effective monitoring.
- Aave: Protocol Overview, Metrics & Fundamentals
How Aave's permissionless lending markets work, where revenue comes from, and which on-chain metrics matter most when monitoring the protocol.
- Curve Finance: Protocol Overview, Metrics & Fundamentals
How Curve's StableSwap AMM, veCRV gauge system, crvUSD, and LlamaLend work together — and which metrics actually matter when monitoring the protocol.
- Ethereum: Network Overview, Metrics & Fundamentals
How Ethereum works as a settlement layer for DeFi, where ETH's economic value accrues, and which on-chain metrics matter when monitoring the network.
- Euler: Protocol Overview, Metrics & Fundamentals
How Euler's modular vault architecture differs from monolithic lending markets, how FeeFlow routes protocol revenue into EUL buybacks, and which metrics best capture protocol health.
- Hyperliquid: Protocol Overview, Metrics & Fundamentals
How Hyperliquid's purpose-built L1 powers a fully on-chain perpetual futures exchange, where HYPE's value accrues, and which metrics matter when monitoring the protocol.
- Lido: Protocol Overview, Metrics & Fundamentals
How Lido's liquid staking works, where stETH fits in DeFi, how the 10% fee creates protocol revenue, and which metrics matter when monitoring the protocol.
- Morpho: Protocol Overview, Metrics & Fundamentals
How Morpho's minimal, immutable lending primitive and curator-led vault layer separate execution from risk management, and which metrics matter when monitoring the protocol.
- Pendle: Protocol Overview, Metrics & Fundamentals
How Pendle splits yield-bearing assets into tradable principal and yield components, where its revenue comes from, and which metrics matter when monitoring the protocol.
- Solana: Network Overview, Metrics & Fundamentals
How Solana's high-throughput Layer 1 works, where SOL captures value through fees, staking and burns, and which metrics matter when monitoring the network.
- Uniswap: Protocol Overview, Metrics & Fundamentals
How Uniswap's AMM works across V2/V3/V4, where the recently activated fee switch directs value, and which metrics matter when monitoring the protocol.
- What Is FDV in DeFi? Fully Diluted Valuation Explained
FDV (Fully Diluted Valuation) is the total market value of a protocol if every token that will ever exist were already in circulation. Learn how to read the FDV / Market Cap ratio and avoid common mistakes.
- What Are Fees in DeFi? Protocol Fees Explained
Fees in DeFi are what users pay to interact with a protocol — swaps, borrowing, minting. Learn how fees differ from revenue and how to read the split.
- What Does Token Price Tell You in DeFi?
A DeFi token's price tells you what the market is willing to pay — and almost nothing else. Learn why price alone is the wrong starting point and what to check instead.
- What Is Revenue in DeFi? Protocol Revenue Explained
Protocol revenue is the share of fees a DeFi protocol keeps after paying LPs and other contributors. Learn how to read it and avoid common mistakes.
- What Is TVL in DeFi? Total Value Locked Explained
TVL is the total value of crypto assets deposited in a DeFi protocol's smart contracts. Learn how to read TVL changes, pair them with revenue, and avoid the three most common interpretation mistakes.