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updated: TVL On-chain -> Total Value Locked
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manishiwa committed Jul 28, 2023
1 parent 7873bb7 commit 83e2bf7
Showing 1 changed file with 3 additions and 2 deletions.
5 changes: 3 additions & 2 deletions lib/navigation.tsx
Original file line number Diff line number Diff line change
Expand Up @@ -47,7 +47,8 @@ export const navigationItems: NavigationItem[] = [
label: "Transaction Count",
page: {
title: "Transaction Count",
description: "The number of daily transactions. We try to only count transactions that are executed by users/smart contracts - no system transactions.",
description:
"The number of daily transactions. We try to only count transactions that are executed by users/smart contracts - no system transactions.",
why: "The number of transactions processed on a blockchain is a reliable metric for measuring its usage. However, it should be noted that this metric alone may not provide sufficient insight into the actual value of the transactions being conducted. For instance, while some chains may have a lower transaction count, the value of these transactions may be significantly higher due to their use in decentralized finance (DeFi) applications. On the other hand, certain chains may have a higher transaction count due to their use in gaming or other applications involving lower value transactions.",
icon: "feather:clock",
},
Expand Down Expand Up @@ -100,7 +101,7 @@ export const navigationItems: NavigationItem[] = [
{
label: "Total Value Locked",
page: {
title: "TVL On-Chain",
title: "Total Value Locked",
description:
"The sum of all funds locked on the chain. Methodology and data is derived from L2Beat.com.",
why: "TVL is a crucial metric for assessing the success of a blockchain. A high TVL indicates that users have significant trust in the chain's security and reliability, as well as confidence in the usefulness and functionality of the various applications available on the chain.",
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