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Blocks
🔍 On-Chain Analytics Overview
This indicator compares key on-chain metrics against their 55-day and 111-day moving averages to evaluate the network’s overall health.
It helps visualize trends in user activity, transaction dynamics, and market valuation to identify potential shifts in market sentiment.
📊 Core Metrics
Active Addresses: The number of unique addresses actively interacting with the network. An increase suggests higher user engagement and network utilization.
New Address Count: The number of newly created wallets. A decline may indicate slowing user adoption or lower retail participation.
Non-zero Balance Addresses: Addresses holding a non-zero balance — a metric of long-term adoption and retention.
Active Supply (1Y): The percentage of supply that has moved within the last year. Lower values imply stronger “HODL” behavior and long-term confidence.
Realized Market Value: Represents the total value of coins based on their last on-chain movement, reflecting the cost basis of holders.
Market Value: The current market capitalization derived from price × circulating supply.
Large Transaction Count / Volume: Measures institutional or whale-level activity. Spikes may indicate accumulation or distribution phases.
90-day NVT (Network Value to Transaction Volume): A valuation metric comparing network value to transaction activity.
High NVT → Overvalued or speculative phase
Low NVT → Undervalued or high on-chain utility
Daily Transaction Count: Indicates on-chain activity levels; rising values often precede bullish momentum.
Transaction Fees (USD): Network demand indicator — rising fees can reflect congestion or growing user activity.
Top Holder Addresses: Tracks concentration among top wallets (e.g., top 0.1%, 0.001%), offering insights into wealth distribution and whale dominance.
⚙️ Delta & Score System
Δ (Delta): Shows deviation from the long-term average (MA-55 / MA-111).
Positive Delta → Metric above historical norm (strength or overheating)
Negative Delta → Metric below historical norm (weakness or cooling)
Score Icons:
✅ = Healthy / Positive trend
⚠️ = Mixed or Neutral signal
🔻 = Caution / Negative trend
🧭 Interpretation
A cluster of green checkmarks (✅) signals robust network fundamentals — often supportive of long-term growth.
A dominance of warnings (⚠️) or red signals (🔻) indicates network slowdowns or profit-taking phases.
This indicator compares key on-chain metrics against their 55-day and 111-day moving averages to evaluate the network’s overall health.
It helps visualize trends in user activity, transaction dynamics, and market valuation to identify potential shifts in market sentiment.
📊 Core Metrics
Active Addresses: The number of unique addresses actively interacting with the network. An increase suggests higher user engagement and network utilization.
New Address Count: The number of newly created wallets. A decline may indicate slowing user adoption or lower retail participation.
Non-zero Balance Addresses: Addresses holding a non-zero balance — a metric of long-term adoption and retention.
Active Supply (1Y): The percentage of supply that has moved within the last year. Lower values imply stronger “HODL” behavior and long-term confidence.
Realized Market Value: Represents the total value of coins based on their last on-chain movement, reflecting the cost basis of holders.
Market Value: The current market capitalization derived from price × circulating supply.
Large Transaction Count / Volume: Measures institutional or whale-level activity. Spikes may indicate accumulation or distribution phases.
90-day NVT (Network Value to Transaction Volume): A valuation metric comparing network value to transaction activity.
High NVT → Overvalued or speculative phase
Low NVT → Undervalued or high on-chain utility
Daily Transaction Count: Indicates on-chain activity levels; rising values often precede bullish momentum.
Transaction Fees (USD): Network demand indicator — rising fees can reflect congestion or growing user activity.
Top Holder Addresses: Tracks concentration among top wallets (e.g., top 0.1%, 0.001%), offering insights into wealth distribution and whale dominance.
⚙️ Delta & Score System
Δ (Delta): Shows deviation from the long-term average (MA-55 / MA-111).
Positive Delta → Metric above historical norm (strength or overheating)
Negative Delta → Metric below historical norm (weakness or cooling)
Score Icons:
✅ = Healthy / Positive trend
⚠️ = Mixed or Neutral signal
🔻 = Caution / Negative trend
🧭 Interpretation
A cluster of green checkmarks (✅) signals robust network fundamentals — often supportive of long-term growth.
A dominance of warnings (⚠️) or red signals (🔻) indicates network slowdowns or profit-taking phases.
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。