Yield Monitor integrates DeFiChain for insights into its on-chain metrics

Yield Monitor

Yield Monitor, a multi-chain portfolio tracker for decentralized finance (DeFi) investors, has announced the integration of the DeFiChain blockchain into its database. This is the Yield Monitor’s second non-EVM mainnet integration.

Being the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, DeFiChain is attracting integrations from different blockchains for on-chain data metrics.

Blockchains integrated into Yield Monitor

DEFiChain joins several other blockchains that have been integrated into the Yield Monitor database. The currently integrated blockchains include Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC).

Commenting on the integration, Yield Monitor’s CEO Christophe Dupont said:

“We’re thrilled to be building a relationship with the DeFiChain organization. The community is very dedicated and supportive of the various builders and creators bringing value to the ecosystem. It’s a privilege to be adding DeFiChain to our database and we’re eager to begin building long-term, collaborative relationships with DFI investors and existing teams in the coming months.”

Insights into on-chain metrics

DeFiChain’s integration into Yield Monitor’s database provides an opportunity for investors to gain insight into the on-chain metrics around DefiChain.

Developers and Investors on Yield Monitor will be able to track assets held in wallets on the DeFiChain blockchain and also route cross-chain transactions for optimized price and efficiency.

Commenting about Yield Monito’s progress up to the time of the integration, DeFiChain Ambassador and News Anchor, Mark Pedevilla, said:

“We were excited to see the progress Yield Monitor has made in a short amount of time, especially with a small team. This speaks to the quality of their product and their dedication towards building a powerful database infrastructure foundation. We are excited to see the features they are preparing for DeFi investors and their utility in building a truly accessible, multi-chain DeFi community — one in which DeFiChain will play a large role.”

Yield Monitor will leverage the non-Turing complete nature of DeFiChain that allows DeFi transactions

The post Yield Monitor integrates DeFiChain for insights into its on-chain metrics appeared first on Invezz.

from Cryptocurrency – Invezz

Leave a Comment