Datamine Network Launches On-Chain USD Pricing
💡 AI Article Summary
Real-Time On-Chain USD Valuation
Datamine Network has launched real-time USD pricing for its core network metrics, starting with the FLUX utility token. This update brings enhanced financial clarity to the ecosystem's dashboard, with DAM pricing set to follow next.
Decentralized Valuation Mechanics
To deliver accurate financial data without centralized dependencies, the platform calculates rates directly from on-chain liquidity pools. The system combines live data from the Uniswap ETH/USDC pool and the FLUX/ETH pool to translate decentralized activity into recognizable fiat values.
Future Dashboard Enhancements
Users will soon gain greater control over their dashboard experience with an upcoming top-bar toggle to switch between USD and FLUX views in real-time. Additionally, a new historical USD pricing feature is in development, which will allow users to estimate the fiat value of network metrics at the exact time they occurred on-chain.
Hey guys,
Today you can finally check out the USD pricing for Core Metrics. We're starting with FLUX / USD pricing and moving to DAM / USD pricing next.
There is a lot of "magic" happening behind the scenes to make this happen and the data you get comes from real on-chain ETH / USDC Uniswap pricing (As well as FLUX / ETH pool).
There is also an upcoming change to top bar where you will be able to control what you want to see (USD or FLUX) in real-time as well as applying the USD pricing to the rest of the pages.
There is also "Historical USD pricing" coming soon. This would give you a good estimate of the USD price at the time of all metrics on the network.
Lots to look forward to this week so be sure to follow the updates. Will do a social update for this new release tomorrow but you guys can check it out for yourself a bit earlier: https://datamine-crypto.github.io/datamine-pro-portal/#/dashboard 🔥
Frequently Asked Questions
How is the USD pricing calculated on the Datamine dashboard?
The pricing is determined fully on-chain by pulling real-time data from the Uniswap ETH/USDC pool combined with the FLUX/ETH liquidity pool.
Which tokens are currently supported by the new USD pricing feature?
Real-time USD pricing is currently live for FLUX, with support for DAM pricing scheduled to roll out next.
What upcoming updates can users expect for the dashboard?
Future updates include a real-time toggle in the top bar to switch between USD and FLUX views, along with historical USD pricing to estimate past metric values.
· hodlforjesus · #dev-updates