Impact of social metrics in decentralized finance
研究了51个去中心化金融实体的推文、社交指标、不确定性和注意力指数对收益和波动率的影响，发现推文影响收益，社交指标影响波动率，且S&P500指数与加密货币收益负相关。
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.