Glassnode Boosts ERC-20 Analysis with 500+ New Tokens Added

The leading on-chain analytics platform Glassnode has revealed a major expansion of its ERC-20 token support, incorporating over 500 new tokens into its analytics offerings. This initiative seeks to provide enhanced insights and detailed metrics throughout the Ethereum (ETH) ecosystem, as per Glassnode Insights.

Strengthening Leadership in On-Chain Analytics

Renowned for its thorough Bitcoin (BTC) analytics, Glassnode is now broadening its expertise to encompass Ethereum. The inclusion of these ERC-20 tokens allows users to apply similar deep analytical methods to Ethereum-based assets just as they would for Bitcoin. This update encompasses a vast array of both established and emerging tokens, spanning sectors from decentralized finance (DeFi) to AI-focused projects and staking patterns.

Expanded Metric Coverage

With this broadened ERC-20 token support, Glassnode is unveiling a range of metrics tailored for these new assets. Key areas of focus include:

• Asset Fundamentals: Metrics such as Active Addresses, New Addresses, Market Cap, Price, Circulating Supply, Supply in Smart Contracts, and the Supply among Top 1% Addresses.
• Capital Flows: Insights into asset transactions with Transfer Volume (Total, Median, Mean), Transfer Count, Exchange Balances, Netflows, and additional data.
• Profit and Loss Metrics: Metrics like SOPR (Spent Output Profit Ratio), MVRV (Market Value to Realized Value), and Realized Profit and Loss, categorized by wallet size, age, and holding duration.

This extensive metric coverage empowers users to scrutinize the Ethereum ecosystem with unmatched depth and precision, aiding in market comparisons, sector evaluations, and momentum forecasts.

Free Access for 30 Days

In celebration of this expansion, Glassnode is providing complimentary access to all ERC-20-based token metrics for the initial 30 days. This limited-time offer allows users to delve into the full range of newly available metrics and experiment with various strategies.

Unified Platform for Comprehensive Analysis

The recent infrastructure upgrade at Glassnode facilitates the integration of additional assets and metrics, enabling users to conduct thorough analyses of both Bitcoin and Ethereum within a single platform. This enhancement aims to remove the necessity for multiple data sources, streamlining the analytical experience for investors.

Application Case Study: Weekly-Monthly Seller Exhaustion Model

In Q2 2024, Glassnode augmented its offerings with detailed analyses of significant metrics to foster a better understanding of market dynamics. A case study implementing the Weekly-Monthly Seller Exhaustion model on the MATIC token highlighted the model’s effectiveness in pinpointing local market lows. Key metrics utilized included MVRV Ratio, SOPR, and Realized Loss, delivering complementary insights into market sentiment and investor activity.

This Seller Exhaustion model has now been adapted for the ERC-20 ecosystem, furnishing a data-driven technique for recognizing local lows and refining trading strategies.

Future Developments

Glassnode remains committed to innovation, with plans to extend coverage further and heighten the analytical acuity of its platform. Users can anticipate additional updates and tools aimed at delivering the most comprehensive on-chain analysis available.

For further details, check the official announcement on Glassnode Insights.

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