Glassnode Enhances ERC-20 Token Analysis: Over 500 New Tokens Supported

Main on-chain analytics platform Glassnode has introduced a big growth of its ERC-20 token help, including over 500 new tokens to its analytics suite. This transfer goals to supply deeper insights and extra granular metrics throughout the Ethereum (ETH) ecosystem, based on Glassnode Insights.

Solidifying Management in On-Chain Analytics

Glassnode, identified for its complete Bitcoin (BTC) analytics, is now extending its experience to Ethereum. The addition of those ERC-20 tokens permits customers to use the identical depth of study to Ethereum-based belongings as they do to Bitcoin. This launch contains a variety of common and rising tokens, overlaying sectors from decentralized finance (DeFi) to AI-driven initiatives and staking tendencies.

Enhanced Metric Protection

With the expanded ERC-20 token help, Glassnode is rolling out quite a lot of metrics for these new belongings. Key areas of study embody:

• Asset Fundamentals: Metrics corresponding to Energetic Addresses, New Addresses, Market Cap, Worth, Circulating Provide, Provide in Good Contracts, and Provide of Prime 1% Addresses.
• Capital Flows: Insights into asset actions with Switch Quantity (Complete, Median, Imply), Switch Rely, Change Balances, Netflows, and extra.
• Revenue and Loss Information: Metrics like SOPR (Spent Output Revenue Ratio), MVRV (Market Worth to Realized Worth), and Realized Revenue and Loss, damaged down by pockets dimension, age, and holding interval.

This complete metric protection permits customers to research the Ethereum ecosystem with unprecedented depth and element, aiding in market comparisons, sector evaluation, and momentum predictions.

Free Entry for 30 Days

To rejoice this growth, Glassnode is providing free entry to all ERC-20-based token metrics for the primary 30 days. This limited-time supply permits customers to discover the total potential of the brand new metrics and check varied methods.

Unified Platform for Complete Evaluation

Glassnode’s current infrastructure improve facilitates the mixing of extra belongings and metrics, enabling customers to carry out detailed analyses of each Bitcoin and Ethereum from a single platform. This improve goals to get rid of the necessity for a number of knowledge suppliers, streamlining the analytical course of for traders.

Software Case Research: Weekly-Month-to-month Vendor Exhaustion Mannequin

In Q2 2024, Glassnode included detailed breakdowns of common metrics to boost market dynamics understanding. A case research making use of the Weekly-Month-to-month Vendor Exhaustion mannequin to the MATIC token demonstrated the mannequin’s efficacy in figuring out native market bottoms. Key metrics used included MVRV Ratio, SOPR, and Realized Loss, providing complementary insights into market sentiment and investor habits.

The Vendor Exhaustion mannequin has now been prolonged to the ERC-20 universe, offering a data-driven methodology for figuring out native bottoms and enhancing buying and selling methods.

Future Developments

Glassnode continues to innovate, with plans to broaden protection and improve the analytical depth of its platform. Customers can anticipate extra updates and instruments geared toward offering the absolute best on-chain evaluation.

For extra info, go to the official announcement on Glassnode Insights.

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