Challenges we have for Analytics Tools

As we evolve a wide array of analytics tools have emerged to cater to the growing demand for insights. However, the current market offerings often fall short in addressing the diverse needs of investors and traders. In this chapter, we outline the most pressing challenges faced by users

Solana Defi its not friendly for New Users

analitycs graphic

As demonstrated in the provided graph, the percentage of new users in the DeFi space fluctuates significantly over time, suggesting a possible correlation with the user-friendliness of DeFi platforms. In particular, we can observe periods where the share of new users dips sharply, which may indicate challenges faced by newcomers in navigating the complex landscape of decentralized finance.

This is reflective of a broader issue within the DeFi ecosystem, where many analytics tools focus on a narrow subset of data or are tailored for specific asset classes. Such limitations can result in a disjointed understanding of the market, leaving users, especially those new to the space, with fragmented insights. This fragmentation is evident in the graph where the new user adoption rate does not show a consistent upward trajectory, implying that the entry barriers and the learning curve could be deterring potential new participants.

To address this issue, platforms need to prioritize inclusivity by providing a comprehensive overview of the ecosystem, simplifying the complexity of market dynamics, and facilitating a more informed decision-making process for all users

Complexity and Usability

Some analytics platforms can be difficult to navigate and understand, especially for novice users. These tools often present information in an overly technical manner, requiring users to possess a deep understanding of blockchain technology, DeFi protocols, and NFT standards to make sense of the data.