If a worker wants to do his job well, he must first sharpen his tools. Through these tools, DeFi “farmers” can participate in liquid mining more professionally.
Original title: “Iteration of “Agricultural Tools”, New Illustrated Book of DeFi Mining Tools丨 Witnesses”
Written by: Blocklike Collection and Editing Room
Since the second quarter, despite the weak trend of the secondary market, a number of data still show that the popularity of DeFi continues. In the past month, the total lock-up volume of DeFi agreements has rebounded compared to the previous period.
Data source: Debank
Observing the DeFi participants who created these data, we can find an interesting phenomenon: the “farming tools” in the hands of “farmers” have been updated and iterated, and the discussion on the topic of “farming” is picking up.
It has been a year since Compuond started liquid mining in June last year. In this more than a year, the decentralized pledge mining has shown the difference with the previous “Pledge Mining”, “Game Mining”, Centralized pledge mining such as “Watch Video Mining” and “Transaction Mining” are completely different, and eventually become an important part of the DeFi explosion.
“Agricultural Tools” is updated and iterated, which means that the decentralized mining ecosystem is still expanding. When deeply involved in the DeFi field, new farming “farming tools” can often be a good help. Since the fourth quarter of last year, tools with their own characteristics have appeared and been used one after another, and some more intelligent tools have appeared in recent months. Whether it is for DeFi participants or professional investors, there is an updated demand for DeFi mining.
With the acceleration of the change of tools, on the one hand, it has demonstrated the deeper trading needs of DeFi investors; on the other hand, the DeFi ecosystem is also undergoing changes, moving in the direction of specialization, and also for developers , Investors have higher requirements.
Blocklike has compiled some practical mining tools for current DeFi participants from several dimensions such as on-chain analysis, data simulation, APY query, block query, integrated platform, and visual browser for analysis. These tools have become the most frequently used platform by DeFi participants, and have been discussed and recognized by a large number of investors in the crypto community:
Cryptofees
The transaction cost data tracking and statistics platform Cryptofees.info website counts the analysis of the transaction fees, interest and other fees on the Ethereum, BSC smart chain, and Matic chain, and provides users with functions such as querying actual transaction fees, time backtracking, comparison, and API interface services.
apesafe.io
The platform can provide comparisons of smart contract codes. Users can enter a new contract address to compare with the selected popular contract, and can refer to the code components, management logic, exchange logic, etc.
duneanalytics.com
DuneAnalytics is a data tracking and analysis tool for researching Ethereum smart contracts, and it is also one of the most commonly used reference tools. duneanalytics.com can query, extract and visualize data on the Ethereum blockchain. Through DuneAnalytics SQL query, you can get the same experience as a normal database. It does not require users to run ETH nodes or understand concepts such as RPC API. At the same time, the hotspot types of data queries made by many users can be used directly, which greatly reduces the threshold for users to obtain data analysis.
pools.fyi
This is a platform for tracking the liquidity pool, and you can view investment returns, token weights, transaction information, and more. The main observation platforms include Curve, Uniswap, Sushiswap, Balancer, Bancor, etc.
defi-lab.xyz
This website provides Uniswap V3’s simulated trading function. By entering different price ranges and handling fees in its page, you can simulate LP flow returns, free losses, and so on. Since Uniswap’s V3 version has increased the price range setting, it is difficult for users to grasp the range of handling fees. The platform can meet this demand well and give a reference.
tokenterminal.com
Terminal Token analyzes cryptocurrencies from the perspective of traditional financial and business indicators and applies these indicators to the blockchain. It contains almost all indicator information for observing Token from an investment perspective, including revenue, valuation P/S, transaction volume, etc., as well as horizontal comparison information and icons of different projects. Because the platform provides extremely refined data, the monthly active users in the public data are over 10,000.
defiscan.io
DefiScan is a tool that can instantly obtain a snapshot of any DeFi product portfolio, just search for the 0x address or ENS domain name, without Web3 embedding. At present, it mainly focuses on the related data of Compound, Uniswap, and SpankChain.
Apr666.com
APR666 mainly conducts an intuitive comparison of the APY income of DeFi projects in the five ecosystems of Ethereum, Binance Smart Chain, Polygon, Huobi HECO, and OKExChain, including interest comparison, yield, LP pool and other data.
kingdata.com
KingData monitors real-time data such as ETH, BSC, HECO, and OKExChain, and queries and compares DeFi APY income. It can also observe exchange funds flow data, allowing users to select the DeFi project with the highest APY through the platform.
ethgasstation.info
Eth Gas Station provides a ranking of gas consumption by a single chain contract for the past 30 days on the homepage, helping users evaluate the time for successful transfer of transactions on the Ethereum chain and the recommended gas fee. Through the Gas consumption list, you can find those emerging or popular on-chain smart contracts, as well as specific gas consumption, average gas price of a single contract and other data.
In addition, ETH Gas Station is also the main source of reference for the “recommended gas price” in the industry.
TxStreet
TxStreet This webpage currently supports block data query of Bitcoin, Ethereum and BCH. The most interesting thing about the platform is its visual block explorer. Here, the block is likened to a bus, and each transaction is likened to a cartoon character, showing the block in such an interesting and intuitive visual way. The packaging process.
New farm tools, new trends
Through these tools, investors are often able to participate in liquid mining more professionally. In some discussions in the community, “farming tool change” has also become a signal of recovery in DeFi mining.
What’s interesting is that while these tools are recognized and recommended by the community, decentralized mining is continuing this positive trend through GameFi and NFT-Fi. According to a data from Coingecko, the sectors that have rebounded in recent times mainly include DeFi and NFT tracks. In addition to the big theme of liquid mining, recent game mining, social mining and other new decentralized mining models have begun to show momentum, and they have also shown signs of recovery in the market.
On the other hand, in the large market environment, the community has new expectations for the DeFi market.
In August, the Ethereum mainnet ushered in the long-awaited London upgrade. EIP-1559 will change the previous bidding priority package fee model, and set fees through algorithms to reduce gas fees. The new fee model is composed of basic fees and tips. The ETH in the basic fee of each transaction will be destroyed. This will benefit Ethereum miners, DeFi, NFT, etc., and will also bring more opportunities to the DeFi protocols on the chain. Room for growth.
At the same time, the high-quality projects run on the Layer 2 track also ease the problem of Ethereum’s limitation of throughput. This will also become the core foundation for the next growth of DeFi. The new infrastructure has also allowed investors to re-examine the various possibilities of “liquid mining”.
In addition, some analysts believe that the new traffic brought about by the Meme concept is also being transmitted to the DeFi field. ShibaSwap, the DeFi platform born out of SHIB, is a good example. 24 hours after the platform was launched, the total lock-up value soon exceeded $1 billion. After the large number of users first brought in from Meme dissemination, it is possible to directly enter the DeFi field. This growth rate is also very likely to allow the number of participants to quickly exceed some established DeFi products.
In terms of data, as the total lock-up value (TVL) on the chain has rebounded for many consecutive days, the TVL of the mainstream public chain in the market has formed a small turning point on June 26. As of the end of June, the total lock-up value of DeFi reached 117.6 billion US dollars, this value has rebounded by more than 10% in the past half month. In any case, at this stage, the slow inflow of funds is undoubtedly good news for the development of the DeFi ecosystem.
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