Yield Monitor, which is a multi-chain portfolio tracker for DeFi investors, has recently integrated the DeFiChain (DFI) blockchain into its database. As a result of the move, DeFiChain will become the platform’s second mainnet integration that does not involve EVM. Due to the integration, users will be able to better understand the on-chain analytics associated with DeFiChain. Additionally, wallet holders on the DeFiChain blockchain will be able to track their assets and developers will have the ability to route cross-chain transactions for optimal pricing and efficiency.
The relevance of Yield Monitor’s DeFiChain integration to DeFi market needs
As of now, the Yield Monitor database includes the DeFiChain network in addition to the Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC) networks. The Yield Monitor community has committed to supporting the many creators and builders who are adding value to the ecosystem.
Yield Monitor is a database toolkit for investors and developers of DeFi that tracks many chains and their associated portfolios. Through the use of wallet tracking and visual graphing tools, it provides information on the efficiency of various assets, liquidity pools, and yield farms.
Additional features are currently under development by the Yield Monitor development team. These features include metrics for the order book, trade volume, and temporary loss tools. Also, it’s developing asset lists so that users may monitor liquidity pools and yield farms that use the same protocols together.
DeFiChain, on the other hand, is the most popular blockchain in the world that operates on the Bitcoin network. It is focusing on making decentralized financial apps and services available to everyone. It’s a Proof-of-Stake blockchain that was developed as a decentralized fork of the Bitcoin network. The network is on a mission to ease access to DeFI and facilitates liquidity mining, staking, decentralized assets, and loans.