Blockchain Dominance Index (BDI)

Check out, which chain is getting more important right now.

Historic Blockchain Dominance Index (BDI)

Explore the historic Blockchain Dominance Index and how it has changed over time. Want to know how the BDI is calculated?

Checkout explanation

Significance Calculator

The significance calculator is a tool to determine the significance of a chain based on the amount of transactions or assets on each chain. The significance is calculated as a percentage of the total amount of transactions or assets. Based on the importance of asset distribution and ingoing/outgoing transfers the significance may vary.

Select asset distribution importance

not important

very important

How important the asset distribution is. The higher the value is, the more important it is. On 100% the ingoing transfer percentage will not have any influence to the significance anymore.

Select ingoing transfer importance

not important

very important

How important the ingoing transfers are. The higher the value is, the more important ingoing transfers are and the less important outgoing transfers are.

Historic distribution of multichain transfers

Explore the historic distribution per day for each chain, where the change of significance of each chain can be determined, based on the amount of transfers.

Current Asset Distribution

Check out on which chain most assets are.

In/Out transfers per chain within last 24h

All transfers within the last 24h grouped by source and destination chain.

Historic distribution of multichain assets

Explore the historic distribution per day for each chain, where the change of significance of each chain can be determined, based on the amount of assets on each chain.

What is the Blockchain Dominance Index (BDI)?

Pantos' feature to move assets around different chains, makes it the first denominator assets. This innovation sets the stage for a new crypto-economic metric, the Blockchain Dominance Index. This index will provide a real-time view of how Pantos, PANDAS, and wrapped assets are being used and distributed across different blockchains. It will measure the significance of each blockchain within the PAN ecosystem, offering a dynamic insight into the ecosystem's landscape.

The way people easily use PAN shows how much they trust different blockchain projects. This easy flow of PAN between blockchains helps in predicting the value of cryptocurrencies and understanding the big picture of the crypto world.

How can the BDI be estimated?

When looking at cross chain transfers or multichain transfers, we have serveral factors, which do play a role for the dominance index. We have to decide which makes a chain more valuable by looking at figures & stats. The two main stats, which are important to us are transfers & token distribution. Each can say a lot about, how often a chain is used or how popular a blockchain is to keep assets on it.

Basic parameters

PANSCAN calculates the importance of a chain as follows: Before digging deeper we need to declare some variables and constants, which are used for the calculation:

assetWeight(aw) = 0.5

The importance of the token distribution on each chain

baseTransferWeight(btw) = 1 - tw = 0.5

This is used as a base value for adding the transfer distribution weights

inTransferWeight(itw) = 0.7

Incoming transfers are an indicator that the corresponding chain seems to get more important - so 70% seems to be reasonable here. All incoming transfers get weighted based on that metric

outTransferWeight(otw) = 1 - itw = 0.3

Outgoing transfers are an indicator that the corresponding chain seems to get less important - so 30% seems to be reasonable here. All outgoing transfers get weighted based on that metric

Calculation of transfer distribution in %

For the transfer distribution, all ingoing and outgoing transfers are taken into account, the sum of those 2 is then divided by the sum of all in- & outgoing transfers of all Pantos supported chains.

Calculation of asset distribution in %

All multichain assets and their distribution on each chain define how important a chain is.This basically means, if there are more assets percentage wise on chain A then on chain B, A will be probably more important than chain B. The average percentage on each chain is taken for further calculation.

Calculation

To now get the significance (in %) for each chain, we take as a base the current token distribution and add the weighted transfers from the last 24 hours to it. This basically returns us a pretty good weighted dominance index.