Foundations

These guides explain what a DeFi meter can describe and why balances, activity, and fee flows need different labels. Begin with the four-lens framework, then use the worked metric examples to check units, denominators, and counting policies. A larger number is not automatically a better result. The useful question is what changed under a consistent definition. Keep price effects separate from quantity changes, and attach your source and observation window to each finding.

Use this collection when a dashboard looks clear but its meaning does not. First name the research object. Then decide whether the number is a balance at one instant or activity over an interval. Save the underlying observations rather than only the percentage change. Finish by describing what the result cannot establish. These reading habits apply across networks and help prevent a measurement convention from turning into a market story that the data does not support.