At Extreme Investor Network, we are excited to share the latest news from the leading on-chain analytics platform Glassnode. Recently, Glassnode announced a significant expansion of its ERC-20 token support, adding over 500 new tokens to its analytics suite. This move is geared towards providing deeper insights and more granular metrics across the Ethereum (ETH) ecosystem, as reported by Glassnode Insights.
Solidifying its Leadership in On-Chain Analytics
Glassnode, renowned for its comprehensive Bitcoin (BTC) analytics, is now extending its expertise to Ethereum with this expansion. By adding these ERC-20 tokens, users can now apply the same level of analysis to Ethereum-based assets as they do to Bitcoin. This expansion includes a wide range of popular and emerging tokens, covering sectors from decentralized finance (DeFi) to AI-driven projects and staking trends.
Enhanced Metric Coverage
With the expanded ERC-20 token support, Glassnode is introducing a variety of metrics for these new assets, including:
– Asset Fundamentals: Active Addresses, Market Cap, Price, Supply in Smart Contracts, and more.
– Capital Flows: Transfer Volume, Exchange Balances, Netflows, and more.
– Profit and Loss Data: SOPR, MVRV, Realized Profit and Loss, and more.
This comprehensive metric coverage allows users to analyze the Ethereum ecosystem with unprecedented depth and detail, aiding in market comparisons, sector analysis, and momentum predictions.
Free Access for 30 Days
To celebrate this expansion, Glassnode is offering free access to all ERC-20-based token metrics for the first 30 days. This limited-time offer allows users to explore the full potential of the new metrics and test various strategies.
Unified Platform for Comprehensive Analysis
Glassnode’s recent infrastructure upgrade enables the integration of more assets and metrics, allowing users to perform detailed analyses of both Bitcoin and Ethereum from a single platform. This upgrade aims to streamline the analytical process for investors by eliminating the need for multiple data providers.
Future Developments
Glassnode is committed to continued innovation in on-chain analytics, with plans to broaden coverage and enhance analytical depth on its platform. Users can expect more updates and tools aimed at providing the best possible on-chain analysis.
Stay tuned for more updates and insights on the latest developments in the world of cryptocurrency and blockchain at Extreme Investor Network. For more information, visit the official announcement on Glassnode Insights.