Onchain Metrics

Definition ∞ Onchain Metrics are quantifiable data points derived directly from the public and immutable transaction history recorded on a blockchain. These measurements offer transparent insights into network activity, asset distribution, and user behavior within a decentralized system. They include statistics such as transaction counts, active wallet addresses, and the volume of assets transferred. Such metrics provide a foundational understanding of a blockchain’s operational status.
Context ∞ Onchain metrics are critically important for evaluating the health, adoption, and economic activity of cryptocurrency networks. Analysts use these data points to assess fundamental value, identify trends, and make informed decisions, offering a view distinct from speculative market prices. For instance, consistent crypto user growth and transfer volume growth often signal increasing utility and demand. The analysis of these metrics helps to contextualize news and market movements.