NFT Collection The Superlative Secret Society Price, Stats, and Review
Fed Chair Signals Looser Crypto Oversight as Digital Assets Go Mainstream Fast
Is Bitcoin’s recovery at risk? – THIS metric mirrors ‘bear market’ levels
Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
Trade War: Tit-for-Tat Tariffs Show Limits of Unilateral Action, Web3 Leaders Say
Ethereum Layer 2 Arbitrum Unveils New Chain For RWA: Details
Binance Adds New Layer-1 Ethereum (ETH) Rival Initia (INIT) to Launchpool
Dogecoin bulls in control? 54% traders go long as DOGE whales rise
Crypto exchange eXch to shut down amid money laundering allegations
Solana Price Predicted to Hit $264 as Canada Launches First Ever SOL ETF
Can Dogecoin Price Realistically Reach $10? Here’s How High The Market Cap Would Have To Be
Husky Inu’s (HINU) Latest Price Jump And Meme Coin Outlook
Ripple acquisition Hidden Road secures FINRA registration
HTX Integrates Fireblocks Off-Exchange to Secure Institutional Trading
Finder’s Expert Predictions For Shiba Inu: How High Can The Price Go In 2025?
Bitcoin Set to Explode After Gold’s Rally: Here’s When It Could Break All-Time Highs
Bitwise Lists Four Crypto ETPs on London Stock Exchange
HYPE’s price to $17 next? – Yes, but its hike will depend on…
US jobless claims hint at stability as Bitcoin reaches 'inflection point' at $85K
A16z doubles down on LayerZero with $55M investment
Buy Low, Chill High as Analysts Eye $0.1: Arctic Pablo’s $0.000095 Entry Could Be Your Win—Best Crypto to Buy Amid MEW and GOAT
Ethena Labs, Securitize unveil 'Converge' network roadmap
DataLight has Launched Real Usage Index That Allows to Track and Compare the Activities of Different Blockchains
Coinspeaker
DataLight has Launched Real Usage Index That Allows to Track and Compare the Activities of Different Blockchains
Blockchain is an accounting book available for everybody, and there are plenty of metrics that allow tracking data in it. Metrics like the quantity of transactions, quantity of receiving and sending addresses, available and maximum supply, average and maximum value of transaction, mining and block size information allow to have a full understanding of blockchain activity.
However, until present, there was no single metric that would allow not only to monitor network activity, but also to compare different blockchains with different principles of working with each other.
For example, if you take the two most popular coins at the moment, there are then only transfer transactions in Bitcoin, but there are smart contracts in Ethereum. And if you compare them according to the law of Metcalf, you get disparate values.
That was the reason of introducing Real Usage Index by DataLight. It is calculated as the number of active addresses (both sending and receiving) multiplied by the number of transactions.
This simple, yet comprehensive method of calculation of blockchain activity is effective in comparing different time frames and different blockchain with each other. But Real Usage Index is also a very important indicator for a fundamental analysis of crypto assets. It has demonstrated a very high long-term correlation with the market capitalization (1, 2).
Real Usage Index is available at DataLight Lab. It is an insightful analytical tool that offers users a wide variety of additional facilities to set up convenient crypto dashboards for Real Usage Index and 60 other metrics featuring graphs, widgets and diagrams which are fully customizable so that every crypto enthusiast can create a personalised source of trading insights and information.
All the data from DataLight Lab is also available through API for professional players.
Real Usage Index can be applied for Bitcoin, Ethereum, Tron, Stellar and NEO blockchains, with even more networks on the way.
