Benchmarking

Benchmarking is an essential practice for staying competitive and enhancing your stack. By systematically comparing your smart contracts or oracle providers against industry standards or competitors, you engage in a continuous process of identifying areas for improvement. This data-driven approach enables you to make informed decisions that ultimately benefit the end user. By focusing on efficiency, security, and performance, benchmarking ensures that your technology not only meets but exceeds the expectations of its users, fostering trust and reliability in your services. Blocktorchs aims at providing all users best in class benchmarking possibilities

Benchmark against others in your home dashboard

In your home select Asset to compare on the right of the screen

You can either benchmark against protocols you have added to your blocktorch project yourself (e.g. your fiercest competitor's contract or your biggest role model) or use some predefined contracts for DeFi (Uniswap V3), NFT marketplaces (Opensea's Seaport), Stablecoins (Dai) or Name Services (ENS)

Simply choose the protocol to compare from the drop down

Once you have chosen who to compare against, all your home dashboard's visuals will show the comparison data in orange