Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin a year
-2

House Passes Major Bills During ‘Crypto Week,’ But Significant Changes May Take Time

www.newsbtc.com42 minutes ago
0

Ethereum’s Institutional Surge Signals Imminent Break Above $4K

coindoo.coman hour ago
0

Breaking down the $138 mln DeFi revival that no one saw coming

ambcrypto.coman hour ago
0

4 Best Cryptos to Buy This Month for Massive Returns: BlockDAG, TRON, Polkadot, & Pi Network!

coindoo.coman hour ago
0

Report: UK Moves to Sell Billions in Confiscated Bitcoin Assets

news.bitcoin.com2 hours ago
0

Don’t Miss These 3 Top Meme Coins In July 2025 Before They Moon

coindoo.com2 hours ago
0

Solana’s Recovery Hangs on Breaking These Critical Levels

coindoo.com2 hours ago
0

BlockDAG, Stellar, HBAR & Cronos Ranked Among 2025’s Most Popular Crypto Projects for Real Utility and Growth Potential

coindoo.com2 hours ago
0

Dogecoin breaks Q3 curse: Is $0.30 just a matter of time for DOGE?

ambcrypto.com2 hours ago
0

Strategy Nears Another Bitcoin Purchase After Michael Saylor’s Latest Post

coindoo.com3 hours ago
0

FloppyPepe’s 15,800% ROI Could Make You the Next Crypto Millionaire While PEPE and Pengu Gain Traction

coindoo.com3 hours ago
0

$40K Gets You 413M Tokens? Troller Cat Tops Best Cryptos For Beginners as GOAT and Turbo Realign

coindoo.com3 hours ago
0

BlockDAG’s $246M Presale Moved the Market Before Launch: Here’s What Made It Happen

coindoo.com3 hours ago
0

Mastercard Calls GENIUS Act Marks Turning Point for Stablecoins

www.livebitcoinnews.com3 hours ago
0

BONK racks up $33 mln in buys – But THIS might kill the buzz!

ambcrypto.com3 hours ago
0

James Wynn Bets Big: 25x Long on ETH, 10x Long on PEPE

www.livebitcoinnews.com4 hours ago
0

Russia Targets Illegal Miners with Tough New Rules

www.livebitcoinnews.com4 hours ago
0

Bitcoin Surpasses $123K Signaling Crypto Infrastructure– OpenFundNet: Zero Fees, Daily Rewards, and Validator Trust Are Rebuilding Fundraising for Web3

Ethena surges 25%, hits a 6-month high: Is $0.68 next for ENA?

ambcrypto.com4 hours ago
0

Ripple’s RLUSD Gets Top Stablecoin Rating from Bluechip

Altcoin season is loading: 3 crypto tokens that could surprise traders

crypto.news5 hours ago
0

ETH Tsunami Incoming: Firms Quietly Amass Mountains of Ethereum

news.bitcoin.com5 hours ago
0

$3M Raised And Counting: Arctic Pablo Coin Is The Best Crypto To Buy Before It Explodes To $0.008 While Floki And Mog Chase Hype

coindoo.com5 hours ago
0

Bitcoin soars, exchanges breached, Trump signs stablecoin law | Weekly Recap

crypto.news5 hours ago
0

​DataLight​ has Launched Real Usage Index That Allows to Track and Compare the Activities of Different Blockchains

Jul 19, 2019 9:48 PM +00:00
0

Coinspeaker
​DataLight​ has Launched Real Usage Index That Allows to Track and Compare the Activities of Different Blockchains

Blockchain is an accounting book available for everybody, and there are plenty of metrics that allow tracking data in it. Metrics like the quantity of transactions, quantity of receiving and sending addresses, available and maximum supply, average and maximum value of transaction, mining and block size information allow to have a full understanding of blockchain activity.

However, until present, there was no single metric that would allow not only to monitor network activity, but also to compare different blockchains with different principles of working with each other.

For example, if you take the two most popular coins at the moment, there are then only transfer transactions in Bitcoin, but there are smart contracts in Ethereum. And if you compare them according to the law of Metcalf, you get disparate values.

That was the reason of introducing Real Usage Index by DataLight. It is calculated as the number of active addresses (both sending and receiving) multiplied by the number of transactions.

This simple, yet comprehensive method of calculation of blockchain activity is effective in comparing different time frames and different blockchain with each other. But Real Usage Index is also a very important indicator for a fundamental analysis of crypto assets. It has demonstrated a very high long-term correlation with the market capitalization (​1​, ​2​).

Real Usage Index is available at ​DataLight Lab​. It is an insightful analytical tool that offers users a wide variety of additional facilities to set up convenient crypto dashboards for Real Usage Index and 60 other metrics featuring graphs, widgets and diagrams which are fully customizable so that every crypto enthusiast can create a personalised source of trading insights and information.

All the data from DataLight Lab is also available through ​API​ for professional players.

Real Usage Index can be applied for Bitcoin, Ethereum, Tron, Stellar and NEO blockchains, with even more networks on the way.

​DataLight​ has Launched Real Usage Index That Allows to Track and Compare the Activities of Different Blockchains

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.