Protocol Concentration

Overview

This indicator tracks the historical concentration of other major protocols like: Convex, Yearn and Conic depositing into Curve pools. In addition, it also tracks large individual investors, referred to as 'unknown,' depositing into protocol.

How can I use it?

The indicator quantifies deposit transactions from addresses that belong to Convex, Yearn and other protocols, as well as whale deposits into the Curve protocol. These deposit transactions are then expressed as a percentage of the total deposit transactions in the protocol.

The indicator provides insights into the adoption and usage of the Curve protocol by other DeFi protocols and large investors. High concentration levels could indicate strong partnerships or synergies between the protocols, while a high concentration of 'whales' could suggest the platform is trusted by large scale investors.