Definition ∞ On-Chain Statistics refer to quantifiable data directly recorded and verifiable on a blockchain ledger. These metrics provide transparent insights into network activity, including transaction counts, active addresses, total value locked, and mining difficulty. Since all data is publicly available on the distributed ledger, these statistics offer an unfiltered view of a blockchain’s operational state and usage patterns. They are immutable records of network behavior.
Context ∞ On-chain statistics are extensively utilized by analysts, investors, and researchers for market analysis, protocol health assessment, and behavioral studies within the digital asset space. Their transparent nature provides a foundational layer for understanding the true adoption and utility of various blockchain networks. These metrics are critical for informing investment and development decisions.
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