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We’re delighted to announce the integration of the Arbitrum network into the IntoTheBlock Market Intelligence suite.
On-chain and financial analytics are key in assessing the functionality and efficiency of blockchain networks. Now, you can access over 60 financial and on-chain indicators for Arbitrum and the top tokens in the ecosystem, enhancing your understanding and decision-making abilities.
Arbitrum, a Layer 2 scaling solution tailored for the Ethereum blockchain, has rapidly gained popularity. With a commitment to offering fast transactions at reduced costs, Arbitrum is a go-to choice for those eager to avoid high fees on Ethereum. Designed to align seamlessly with Ethereum’s functionality, Arbitrum is set to be a fundamental part of the blockchain landscape.
Arbitrum on IntoTheBlock Market Intelligence
Today, we’re excited to unveil IntoTheBlock’s Arbitrum analytics. Our latest release encompasses over 60 advanced indicators for Arbitrum, along with several tokens on the network.
With the convenience of our blockchain selector, users can easily toggle analytics between Arbitrum and other chains, providing access to specific data across multiple blockchain platforms.
The new release includes our full suite of indicators divided into six categories.
Categories of Indicators:
- Financial Indicators: Gain insights into holders’ profitability, transaction values, and the influence of large traders.
- Network Indicators: Analyze network behavior, tracking user growth, transaction trends, and costs.
- Ownership Indicators: Assess holding patterns, including concentration and holding duration.
- Exchange Indicators: Benefit from a near-real-time analysis of trading activities, updated every minute.
- Social Indicators: Leverage IntoTheBlock Analytics for social insights, including sentiment analysis across Telegram and Twitter.
- Derivatives Indicators: Navigate the burgeoning perpetual swaps and futures markets with specialized metrics.
We have added more than 20 tokens on Arbitrum in this release. While we may add more tokens in the future, the following tokens are currently supported:
A look at $ARB
Let’s have a look at a few indicators for $ARB. One of our more popular financial indicators is the In/Out of The Money indicator. This indicator shows at what price people bought ARB through on-chain data.
Take a look at the bubbles on the image below. The bigger the bubble is, the more wallets bought at that price. We can see that currently, only 3.7% of holders are holding at a profit. While this is quite low, it is in line with a lot of other altcoins at the moment.
If we want to know more about how an asset is used and held, we can look at indicators related to addresses and transactions. For example, in the image below you see a snapshot of the current $ARB addresses with a balance. You can see that there’s currently just over 604k addresses holding ARB.
Finally, we can explore this further by looking at how long these wallets are holding ARB on average. In the case of Arbitrum, we see that the average holding time is 3.9 months. If you want to dive deeper into who these holders are, there are a lot more metrics available that help you do this, such as holders segmented by balance or by time held.
IntoTheBlock’s integration of Arbitrum resonates with our broader vision of supporting the growth of DeFi, of which Layer 2 networks are a crucial aspect. Through this release, we aim to equip the community with valuable indicators to offer deeper insights into the ecosystem and inform trading strategies.
We invite you to explore Arbitrum and its rich ecosystem through our platform. As the blockchain landscape continues to evolve, we’ll remain at the forefront, providing you with the critical tools and insights needed to succeed. If you have any feedback on the release, feel free to reach out to us.
Discover Analytics For Arbitrum on IntoTheBlock Market Intelligence was originally published in IntoTheBlock on Medium, where people are continuing the conversation by highlighting and responding to this story.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.