About this section

This section provides tailored analytics for Solana DeFi protocols, built on my own data pulled from Helius. I want to focus on high data quality and information that is easily verifiable for you on-chain, e.g. via Solscan. Every number traces back to on-chain transactions, no APIs are being used (just for QA purposes). The charts are interactive and enriched with tables that let you drill down into individual transactions and wallets. Trust, but verify.

The goal is to help users and investors assess protocol performance, transparency, and whether a protocol is developing in the right direction. I keep the analysis fact-based and use the Article section for opinions and longer commentary. For details on how the data is produced, see the next page (Data Pipeline).

Analytical angles

Each protocol is examined through three complementary lenses:

• Fees & Revenue: Protocol economics start with cash flow generation. Fee breakdowns by pool, transaction type, and time period show whether a protocol generates sustainable revenue and how that revenue is trending.
• Adoption: Revenue without user growth is not sustainable. Active wallet tracking, new-user identification, and cohort analysis reveal whether the product is attracting and retaining users.
• Staking: Staking metrics reflect the supply-and-demand dynamics for the protocol token. Stake balances, compound rates, and APR trends show how token holders are positioning themselves.

I will add comparative protocol analysis going forward.