Current Status and Evaluation Indicators of the Decentralized Finance Market

The DeFi market is experiencing rapid expansion, with its applications extending to multiple public chains and Layer 2 networks. Currently, applications such as DEX, lending, and Staking have become the main components of the DeFi ecosystem, while emerging fields such as derivatives and cross-chain bridges are also continuously developing. As new decentralized applications continue to emerge, user experience is being continuously optimized.

In any emerging blockchain ecosystem, DEX, Staking, and lending protocols are usually the first DeFi applications to be deployed. These three types of applications have become the cornerstone of the DeFi field due to their clear demand and mature business models.

For participants looking for investment opportunities, DeFi projects in emerging blockchain ecosystems may hold potential. In particular, DeFi projects deployed on Alternative L1 and Layer2 networks are worth paying attention to, as these projects may have unique advantages in addressing scalability issues and improving transaction efficiency.

To comprehensively evaluate the performance and potential of DeFi protocols, the following key indicators can be considered:

1. Total Value Locked (TVL)
2. Active User Count
3. Trading Volume
4. Protocol Income
5. Market Value (MV)
6. Fully Diluted Valuation (FDV)
7. Market Value to Total Locked Value Ratio (MV/TVL)
8. Price-to-Sales Ratio (P/S)
9. Price-to-Earnings Ratio (P/E)
10. Innovation

These indicators reflect the operational status, user acceptance, profitability, and future potential of DeFi protocols from different perspectives, providing investors and analysts with a comprehensive framework for evaluating DeFi projects.