What is an Onchain metrics analysis
Onchain metrics are data points that are recorded on a blockchain and can be used to analyze the health and activity of a blockchain network. These metrics can provide insight into a variety of aspects of a blockchain, including the level of adoption, the degree of decentralization, the volume of transactions, and the security of the network. Some common onchain metrics that are used to analyze blockchain networks include: Network hash rate : This is a measure of the overall computing power of the network, and is used to gauge the security and resistance to attacks. Block size and block time : The block size is the amount of data that can be stored in a block, while the block time is the interval between the creation of new blocks. Both of these metrics can affect the speed and scalability of the network. Transaction volume and fees : The number of transactions being processed on the network, as well as the fees being paid for those transactions, can provide insight into the level of a...