What Is Higgs (HIGGS)?
Higgs From this console, you can view, manage, and launch $-nodes. You can also see how many rewards have been allocated, and claim them here. Then if you want, you can use them to create more $-nodes. A contribution of 0$ tokens to the community is required to create a node and participate in rewards. Token Terminal is a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps).
Higgs believe that both blockchains and decentralized applications (blockchain-based applications) are conceptually similar to traditional marketplace companies. They’re Internet-native businesses whose services generate revenue that’s split between the projects’ supply-side participants (liquidity providers or miners) and owners (token holders). An increasing amount of blockchains and dapps can be valued by measuring their usage and cash flows.
These businesses are owned and operated by their token holders, similar to how companies are owned and operated by their shareholders. This is why want to measure and evaluate blockchains and dapps through financial key performance indicators (KPI) and correct the misunderstanding – where applicable – of crypto being all about currencies.
Higgs Storage Key Points
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|Official Project Website||Click Here To Visit Project Website|
Total value locked
Calculated as the liquidity deposited into a decentralized application’s smart contracts (exchange) or as the difference between the assets deposited and borrowed (lending). we do not measure TVL for blockchains. Calculated as a blockchain’s transaction volume or a decentralized application’s trading (exchange) or borrowing (lending) volume. Revenue refers to the total fees paid by a blockchain’s or decentralized application’s end users. Calculated as GMV Take Rate = Revenue.
Costs and expenses
Calculated as the sum of all costs and expenses paid according to implemented on-chain governance proposals. It is worth noting that a majority of current crypto projects are venture-backed and still record their costs and expenses off-chain (exceptions like Yearn do exist though), which is why Higgs initially decided to focus primarily on revenues instead of earnings.
Key metrics charts
The key metric chart provides a tool to look at one metric, or compare two metrics, over a certain time period. By comparing two different metrics you can understand the dynamics and relationship of KPIs, and how these might affect the valuation of a blockchain or dapp.
Revenue share charts
Higgs The revenue share charts provide deeper insight into how much of the total revenue from fees and/or interest payments are currently distributed to the protocol (token holders). In some instances, the total revenue is directed to the supply-side participants only, as is currently the case with projects like Uniswap and Ethereum, where the supply-side participants (liquidity providers and miners, respectively) earn all of the revenue generated.
The composition charts reveal the underlying dynamics of a project’s business. For TVL; which lending markets or trading pools count for the majority of value deposited into a project’s smart contracts? For borrowing or trading volume; which lending markets or trading pools are most used? For revenue, which lending markets or trading pools generate the most fees?
Competitive landscape charts
The competitive landscape charts provide a tool to compare a project to its competitors, or any blockchain or dapp. Choose one metric and the projects you want to compare. Since blockchains and decentralized applications resemble traditional marketplace companies, it makes sense for Higgs to follow the established methodology for analyzing marketplaces.
Gross merchandise volume
Higgs The gross merchandise volume or GMV consists of the dollar value of the transactions – a blockchain’s transaction volume or a decentralized application’s trading (exchange) or borrowing (lending) volume – for which a project charges a fee. This fee is also known as the take rate.
Take rate and revenue
By multiplying the GMV with the take rate Higgs get the revenue (total fees paid) for a project. The take rate refers to the fee charged on the GMV, either in the form of a blockchain’s transaction fee or a decentralized application’s trading fee (exchange) or interest rate (lending).