“…Our research contributes to three strands of the literature: research evaluating blockchain ecosystems, especially the blockchain trilemma [Bakos et al, 2019, Gomber et al, 2017, Schär, 2020, Werner et al, 2021 and the measurement of blockchain decentralization [Abdulhakeem and Hu, 2021, Cong et al, 2020, Gochhayat et al, 2020, Gupta and Gupta, 2018, Lin et al, 2021, Srinivasan, 2017, blockchain-related SoK or surveys, and the market analysis of DeFi [Angeris et al, 2021, Chen et al, 2020, Harvey et al, 2021, Lehar and Parlour, 2021 (see Figure 1).…”