Open Finance Fundamentals

Open Finance Fundamental is a series where we look to explore the mechanics behind major Open Finance protocols and evaluate them on a fundamental basis using meaningful data points.

Synthetix ($SNX)

• Synthetic asset protocol bursts onto the scene in 2019

Melon ($MLN)

• Melon looks to reinvent digitally-native asset management

Dai ($DAI)

• The great migration (of Dai) continues

0x ($ZRX)

• 0x growing as a result of new relayers and NFT marketplaces

Kyber ($KNC)

• Kyber posts strong month leading up to major upgrade

2019 sector returns

• 2019 sector returns

Uniswap

• Uniswap takes DEXs by storm in 2019

DEX Aggregators

• The prime brokers of tomorrow

dYdX

• dYdX regains steam after large liquidations and MCD upgrade hurt volumes

Compound

• As loan originations reach all-time highs, outstanding debt on Compound nears pre-MCD levels

bZx

• bZx looks to rebound after attacks serve as a wake-up call for DeFi