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Data Science for Web3

You're reading from   Data Science for Web3 A comprehensive guide to decoding blockchain data with data analysis basics and machine learning cases

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Product type Paperback
Published in Dec 2023
Publisher Packt
ISBN-13 9781837637546
Length 344 pages
Edition 1st Edition
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Concepts
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Author (1):
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Gabriela Castillo Areco Gabriela Castillo Areco
Author Profile Icon Gabriela Castillo Areco
Gabriela Castillo Areco
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Toc

Table of Contents (23) Chapters Close

Preface 1. Part 1 Web3 Data Analysis Basics
2. Chapter 1: Where Data and Web3 Meet FREE CHAPTER 3. Chapter 2: Working with On-Chain Data 4. Chapter 3: Working with Off-Chain Data 5. Chapter 4: Exploring the Digital Uniqueness of NFTs – Games, Art, and Identity 6. Chapter 5: Exploring Analytics on DeFi 7. Part 2 Web3 Machine Learning Cases
8. Chapter 6: Preparing and Exploring Our Data 9. Chapter 7: A Primer on Machine Learning and Deep Learning 10. Chapter 8: Sentiment Analysis – NLP and Crypto News 11. Chapter 9: Generative Art for NFTs 12. Chapter 10: A Primer on Security and Fraud Detection 13. Chapter 11: Price Prediction with Time Series 14. Chapter 12: Marketing Discovery with Graphs 15. Part 3 Appendix
16. Chapter 13: Building Experience with Crypto Data – BUIDL 17. Chapter 14: Interviews with Web3 Data Leaders 18. Index 19. Other Books You May Enjoy Appendix 1
1. Appendix 2
2. Appendix 3

Exploring Analytics on DeFi

There are two groups of products that drive the most transactions in the current state of Web3: NFTs, as we discussed in Chapter 4, and decentralized finance (DeFi), which we will explore in this chapter.

DeFi takes its name in opposition to the centralized characteristic of the current financial system. According to the book How to DeFi: Beginner, by CoinGecko, “Decentralized Finance or DeFi is a movement that allows users to utilize financial services such as borrowing, lending, and trading without the need to rely on centralized entities.” DeFi is not a single product but a series of projects trying to address financial demand in the Web3 space.

These projects make use of the concept of composability, which involves building upon parts created by other parties. It is often illustrated as building with Lego blocks, where developers combine various components to construct new infrastructures.

DeFi has introduced products that were...

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