Onchain data refers to all information permanently recorded and publicly accessible on a blockchain ledger. This includes transaction details, smart contract interactions, and wallet addresses. This data is immutable and transparent, providing a verifiable history of all network activities. Analysts frequently use onchain data to assess market sentiment and network health. It forms the verifiable foundation of decentralized systems.
Context
The analysis of onchain data is a rapidly growing field within the cryptocurrency industry, offering unique insights into market dynamics and user behavior. Researchers and traders continuously develop new metrics and tools to interpret this public information. News reports often reference trends derived from onchain data to explain price movements or predict future market activity.
The crypto market is experiencing a significant rally, driven by strong US investor demand and shifting macroeconomic conditions, pushing Bitcoin close to record levels.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
