Token Relations, a company specializing in media platforms and analytics in the crypto ecosystem, announced the launch of new dashboards focused on the Avalanche blockchain.
Overview of the New Dashboards
The dashboards provide real-time data on metrics such as total value locked (TVL), token prices, staking activity, transaction volume, and active wallet addresses. They cover over $1.6 billion in TVL and more than 3.2 billion transactions processed on Avalanche. These dashboards aim to enhance transparency and data accessibility, assisting developers and investors in making informed decisions.
Reactions from Token Relations and Ava Labs Leadership
Jacquelyn Melinek, CEO and Founder of Token Relations, stated, 'Avalanche is one of the fastest growing ecosystems across the Web3 and tokenization space, and it deserves data infrastructure that’s as fast and scalable as the network itself.' Matthew Schmenk from Ava Labs emphasized the importance of having access to reliable, real-time data for participants in the ecosystem.
The Future of Analytics Tools in Web3
The launch of the new dashboards highlights the growing need for dedicated analytics tools in the Web3 space, where access to comprehensive data has been challenging. Token Relations plans to expand their dashboard functionality with deeper integrations and enhanced visualizations across other blockchains.
The dashboards launched by Token Relations open new horizons for analyzing and understanding activity within the Avalanche ecosystem, serving as valuable tools for both developers and market participants.
