On-Chain Data Layer

Definition ∞ The On-Chain Data Layer refers to the verifiable and immutable transaction information permanently recorded and stored directly on a blockchain’s distributed ledger. This data includes transaction details, smart contract interactions, and asset ownership changes. It forms the transparent and auditable foundation of decentralized networks. This layer provides a complete public record.
Context ∞ On-chain data analysis has become a sophisticated tool for understanding market dynamics and investor behavior in crypto news. Researchers utilize this data layer to derive insights into supply and demand, network health, and potential market trends, offering a unique perspective not available in traditional finance. The transparency of this layer is a core tenet of blockchain technology.