Onchain Statistics
Onchain statistics is a term used to refer to statistics related to cryptocurrency and blockchain networks. This includes data on the amount of transactions processed, the number of blocks created, and other relevant information. It can be used to assess the health and performance of specific blockchains or even compare different cryptocurrencies.
Data Sources
There are several websites that provide on-chain data for various cryptocurrencies such as Coinmetrics and Blockchain.info. Additionally, many exchanges like Coinbase provide their own set of metrics which allow users to analyze transaction volumes in real time. Some companies also offer specialized services such as OnChainFX which provides an overview of network activity across multiple currencies.
Uses
Onchain statistics can be used by investors and traders to better understand market behavior and make informed decisions about investments in digital assets. They can also help developers identify areas where improvements may need to be made within the associated blockchain networks so they can address any potential scalability issues before they become problematic for users down the line. Finally, researchers studying cryptocurrencies use these types of metrics extensively when conducting analysis into how certain networks function over time or comparing them against one another for comparative purposes
