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Yield Monitor Integrates DeFiChain to Provide Insights into On-Chain Metrics

Wed, 10/19/2022 - 15:03
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Arman Shirinyan
Thanks to incorporation, users will receive access to more on-chain metrics and deeper analysis tools
Yield Monitor Integrates DeFiChain to Provide Insights into On-Chain Metrics
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The multi-chain portfolio tracker for DeFi investors, Yield Monitor, announced the integration of the DeFiChain (DFI) blockchain into the Yield Monitor database, which makes it the second non-EVM integration.

DeFiChain joins a variety of cryptocurrency projects like Algorand, Avalanche, Binance and other notable cryptocurrency projects that have been previously incorporated into the Yield Monitor database.

According to Yield Monitor's CEO, projects are ready to build collaborative relationships between each other and bring more value to both ecosystems by providing more support to various builders and creators.

The integration of DeFiChain will enable users to gain insights into the on-chain metrics around DeFiChain. The blockchain data will help trailing assets held in wallets on the DeFiChain blockchain and route cross-chain transactions.

DeFiChain works as an open-source blockchain project accessible by everyone. It is being supported by a global team of core contributors and a community of active developers. Since transactions on the chain are non-Turing-complete, DeFiChain provides swift, cheap and secure processing to users and decentralized solutions.

Yield Monitor works as a multi-chain portfolio tracking database for DeFi investors and developers. With the help of the app, users can access a variety of assets, liquidity pools and track yield farming performance data in real time.

The portfolio tracker offers high-grade visualization of market and on-chain data. In addition to existing functions, the team is planning to add crucial tools that allow the tracking of impermanent loss, order book and trade volume metrics, multi-protocol liquidity pools and yield farming comparisons.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.