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For years, in-depth market analysis has been the domain of the privileged few — those with hours to spend on research and a deep understanding of crypto and data analytics. Now, we’re leveling the playing field. Meet Perspectives: an innovative approach to cryptocurrency analytics.
What is Perspectives?
Perspectives are curated dashboards with specific indicators and metrics for each dashboard. These dashboards are designed to evaluate a certain market niche or narrative using data. Our research team, the same people who design advanced trading strategies for the largest institutions in crypto, designs these Perspectives. That means some of the brightest minds in crypto are helping you guide your decisions.
Practically speaking, this means that instead of going through all indicators for every layer 2 network in an effort to find an edge, you can simply navigate to our Layer 2 Perspective and get the most relevant dashboards with data from each top layer 2 in an instant. Pretty useful right?
Insights that move with the markets
But that’s not all, because we are creating new Perspectives weekly! See, the markets move and change, and it only makes sense for your insights to change with the market. As narratives change and new segments appear, you can expect new Perspectives to show up for these as well. Stablecoin insights, Real-World Assets, Market-Cycle theory…For each of these, you could one day find a Perspective.
Which Perspectives are available now?
We have decided to release Perspectives with a total of 12 unique Perspectives today. These include the following:
- Stablecoins Insights
- L1 Comparison
- Ethereum Layer 2s
- Bitcoin Cycles
- Diving into Memecoins
- Volume Settled
- ETH Staking
- DeFi Bluechips
- DEX Deep Dive
- Bitcoin Whales
- Ethereum Ecosystem
- Arbitrum Ecosystem
A Closer Look: L1 Comparison Perspective
To give you a better understanding of Perspectives, we’ll share a short insight into one of our Perspectives; L1 Comparison.
This Perspective reviews the competition between L1s. As we entered the bear market, the focus of these networks shifted from gaining adoption and liquidity to preventing user attrition.
Monitoring of metrics such as active addresses and developer activity can identify which blockchains still have an active community. You can also track the blockchains' inflation rate, whale concentration, and coin performance.
If we look at this Perspective, we can see 9 relevant indicators for measuring the performance of a layer 1 network. In each of the indicators, there is a wide range of chains, such as BTC, ETH, ADA, DOGE, AVAX and more.
In the image above, you can see a comparison of the transaction fees between the different networks. We can see that Ethereum and Bitcoin are currently the most expensive networks to use, and are also mostly equally expensive in terms of average fees. Litecoin and Bitcoin Cash have consistently been the L1s with the lowest fees.
The next indicator we see shows the number of active addresses on each of the networks. This is an extremely valuable metric because it allows us to evaluate the overall activity of a network, which is even more important in bear markets. Stable activity can show a strong core of users, whereas a strongly decreasing number of active users can be a warning sign that a network is losing the battle for user retention.
In this chart, we can see that Bitcoin has consistently been the network with the highest number of active addresses and it hasn’t witnessed significant decline. Ethereum is the runner-up and has mostly held this #2 spot historically as well. The latest network to temporarily take the number 2 spot was Litecoin, which overtook Ethereum in terms of active users back in May. Looking at the most recent period, Bitcoin Cash stands out, as it has been quickly gaining users over the past few months.
Discover More Perspectives
We are very excited to share this update, specifically because we believe that this change will make a tremendous impact on all our users. We invite you to take a look at Perspectives, share your thoughts, and engage with us on X if you have specific requests for new Perspectives.
Perspectives will be a feature of our Pro Plan, priced at $10 per month. However, expect a price change soon as we expand our Marketing Intelligence Suite. Current Pro users will maintain their pricing tier, making this an excellent time to subscribe if you haven’t already.
We hope you enjoy these new perspectives on the market and that they will help you to make better decisions.
Introducing Perspectives: Your New Lens for Analyzing Cryptocurrency Markets was originally published in IntoTheBlock on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
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.