Onchain Metrics of blockchain

Dear readers, I hope everyone is fine, I am fine too, Alhamdulillah. I will try to discuss with you today about matrix in block chain. It is as important as many tasks for every trader. Let's begin then.


On-chain metrics are data points related to blockchain activity and performance. Can be measured directly from the blockchain. These metrics can provide insight into the health and performance of a blockchain. Can help investors, traders and enthusiasts make informed decisions.

Some common on-chain metrics for blockchain include

* Transaction volume: The number of transactions that occur on the blockchain in a given period of time. This metric can provide insight into the level of activity on the network.

*Transaction Fees: Fees paid for processing transactions on the blockchain.

* Network Growth: The adoption and growth rate of the number of users and nodes on the blockchain.

* Hash Rate: The computational power used to mine and secure the blockchain.

* Mining Revenue: The total revenue earned by miners on the blockchain, which is closely tied to the value of the native cryptocurrency.

* Active Addresses: Number of unique addresses that send or receive transactions on the blockchain.

* Holder Distribution: The distribution of cryptocurrency holdings across different addresses and wallets, which can provide insight into the network's level of decentralization.

These on-chain metrics can be used to assess the long-term health and performance of a blockchain. It is an important tool for investors and traders to make informed decisions.



.png)

^{made by canva pro}

There are tools and platforms available that will help you track and analyze on-chain metrics for various blockchains. Below are some of the popular tools.

1. Coin Metrics: Coin Metrics Bitcoin Ethereum provides comprehensive on-chain market data for various blockchains, including more. It offers a range of metrics like transaction volume active address mining revenue and more.

2. Glassnode: Glassnode provides on-chain analytics market intelligence for Bitcoin and Ethereum. It provides various on-chain metrics including transaction volume, network growth, mining behavior and address statistics.

3. DappRadar: DappRadar focuses on tracking decentralized applications (dApps) on blockchains like Ethereum, Binance Smart Chain and others. It provides insight into user activity, transaction volume, and other on-chain metrics specific to dApps.

4. CryptoQuant: CryptoQuant offers on-chain data analysis for multiple blockchains. Including Bitcoin, Ethereum and many others. It provides metrics such as exchange inflows and outflows, large transactions and trading volumes.

5. Token Analyst: Token Analyst provides on-chain analysis and data visualization for multiple blockchains. It offers metrics like transaction volume, token supply distribution and trading activity for various cryptocurrencies.

These platforms can help you monitor and analyze on-chain metrics to gain insight into the activity and performance of various blockchains. Each platform may have its own features, data sources and pricing models. So it is valuable and important to explore and compare us to find the one that best suits your needs.