Introducing: The Block's Open Finance Index (OFI)

Quick Take

  • Introducing The Block’s Open Finance Index (OFI), a novel metric for quantifying growth in the Open Finance industry. 
  • A departure from Total Value Locked, OFI leverages vertical-specific metrics to provide an accurate depiction of the state of Open Finance activity. 
  • OFI provides various insights into the state of Open Finance and has the potential to serve as a benchmark for Open Finance-related derivative products
Open Finance Open Finance broadly refers to blockchain-enabled permissionless and transparent financial services and products. These properties — permissionlessness and transparency — depart from traditional capital markets, where access to financial products and services has historically been both geographically confined and the underlying mechanics of financial services are carefully concealed by rent-seeking intermediaries.   The field […]

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