Adventure #56 - web3index

Track performance of web3 protocols

Hey theređź‘‹
My mission is to support ambitious founders and fuel innovation!

And we’re powered by Ocean Money today

will tell you more in a bit🏄‍♂️

Today's plan:

Use this framework to look into a business:
(1) The product
(2) The founding team
(3) Funding & Hiring
———
(4) Meme of the week
(5) Hustler's ambition

None of this is sponsored, I choose what to write about.
This is not financial advice either

Today is dedicated to The Web3 Index

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And now onto today’s deep dive

The Product

(i) problem

  • how do you understand how active a protocol is?

  • what about many protocols at the same time?

(ii) solution & demo

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The Web3 Index reports on the demand-side fees paid into web3 network protocols.

Put more simply, the Index shows you how much revenue has been generated by protocols in fees.

The more fees = the more a protocol is used

Here’s what it looks like

It shows you the:

  • 30d fees

  • 90d fees

  • 30d trend (in %)

And when you click on a protocol, you get a more detailed view of its history. It’s pretty cool

(iii) considerations

Don’t think something like this would ever be paywalled.

Currently, it only has 7 protocols but hopefully more people will submit theirs.

(iv) how you can benefit

  • if you’re a dev, you can see this to track where the users are

  • if you’re an investor/gambler, you can use this as research

  • and you can submit a protocol

The founding team

It’s not clear who the team is, I was left with the impression that it was built by Adam Soffer but I’m not sure.

Below are the contributors on Github

Funding and Hiring

A) Funding - N/A

B) Hiring - N/A

Favourite meme of the week

Hustler's Ambition

(A section dedicated to frameworks/ideas/tools)

Tim Ferris with hair, dropping wisdom

See you next Mondayđź‘‹
- Mitko

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