The Block releases OFI, an open financial index, to quantitatively track the growth of the open financial industry

According to official news, The Block released the "Open Finance Index" (OFI), a new type of indicator that quantitatively tracks the growth of the open financial industry. Unlike indicators such as total asset lock-in, OFI uses specific vertical indicators to provide an accurate description of the state of development of an open financial ecosystem. The Block stated that OFI will provide various insights on the status of open finance and has the potential to become a benchmark for open finance-related derivatives.