Innovative Risk Management Solutions in DeFi: A Study of Tracking Platforms

Imran Shah

International Journal of Economics & Business Administration (IJEBA), 2025, vol. XIII, issue 2, 185-203

Abstract: Purpose: This study provides a user-prioritized, data-driven framework for evaluating DeFi risk management platforms and offers actionable insights for developers, investors, and regulators seeking to enhance the transparency, security, and sustainability of the DeFi ecosystem. Design/Methodology/Approach: This study investigates the effectiveness of six leading DeFi tracking platforms—Chainalysis, Elliptic, Nansen, Dune Analytics, DeBank, and Etherscan—in mitigating these risks. Employing a mixed-methods approach, the research integrates survey data (n = 138), expert interviews, and platform metrics, analyzed through advanced statistical techniques such as T-Test, MANOVA, Logistic Regression, Kruskal–Wallis H Test, Cohen’s D Effect Size, Survival Analysis, Cluster Analysis, and a Utility-Based Scoring Model. Findings: Results reveal significant differences in platform performance, with Chainalysis and Etherscan emerging as top performers in compliance and usability, respectively. Practical Implications: The rapid expansion of Decentralized Finance (DeFi) has revolutionized financial services by eliminating intermediaries and enabling peer-to-peer interactions through blockchain-based smart contracts. However, this innovation introduces significant risk management challenges, including smart contract vulnerabilities, transaction opacity, and compliance limitations. Originality value: The utility model highlights the importance of real-time alerts, trust, and compliance tools in platform adoption.

Keywords: Decentralized finance (DeFi); risk management; tracking platforms; blockchain analytics; compliance tools; smart contracts; platform adoption; survival analysis; utility-based scoring; statistical modeling. (search for similar items in EconPapers)
JEL-codes: E42 G23 G32 L86 O33 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:xiii:y:2025:i:2:p:185-203

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