Metrics
Guides about metrics.
- 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.