December 2023
Intermediate to advanced
344 pages
8h 59m
English
Content preview from Data Science for Web3
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5
Exploring Analytics on DeFi
There are two groups of products that drive the most transactions in the current state of Web3: NFTs, as we discussed in Chapter 4, and decentralized finance (DeFi), which we will explore in this chapter.
DeFi takes its name in opposition to the centralized characteristic of the current financial system. According to the book How to DeFi: Beginner, by CoinGecko, “Decentralized Finance or DeFi is a movement that allows users to utilize financial services such as borrowing, lending, and trading without the need to rely on centralized entities.” DeFi is not a single product but a series of projects trying to address financial demand in the Web3 space.
These projects make use of the concept of composability, which involves ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.