Impact of social metrics in decentralized finance

【Author】 Pineiro-Chousa, Juan; Sevic, Aleksandar; Gonzalez-Lopez, Isaac

【Source】JOURNAL OF BUSINESS RESEARCH

【影响因子】10.969

【Abstract】In our study, we have evaluated the impact of tweets, social indicators, uncertainty, and attention indices on the selected variables calculated from a pool of 51 decentralised finance entities. In so doing, we have identified some evidence that returns are impacted by tweets, but not by social indicators that appear to be more relevant for volatility. We have further confirmed that the S&P500 Index negatively influences cryptocurrency returns, which means that these two asset classes are substitutes. Uncertainty and attention indices are relevant in determining returns and the alternative measurement of volatility. However, they remain insignificant for illiquidity and our initial volatility choice.

【Keywords】Decentralized Finance; DeFi; Cryptocurrencies; User-generated content; Investor attention; Twitter; Social indicators; Uncertainty

【发表时间】2023 MAR

【收录时间】2023-04-24

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-DeFi