Block'tivity: Blockchain Activity Matrix
Block'tivity: Blockchain Activity Matrix
Block'tivity: Blockchain Activity Matrix
Block'tivity
The real value of Blockchains
ne way to consider a blockchain project is through its market cap. Another way, closer
to the real value, is observing the activity on the blockchain. Lots of FUD and HYPE are responsible
for "misplaced" capital in the cryptocurrency space. Here, we are observing which project is actually
being used by people, which is in our opinion, the best predictive indicator of value you can have.
# Name Activity ⓘ Average (7d)ⓘ Record ⓘ AVI ⓘ CUI ⓘ Market Cap ⓘ Price
Block'tivity is using several sources to gather the blockchain usage data. To make it
simple, at least for the first iteration of this website, the average daily and weekly
activity will be refreshed every 24h.
Record:
This column is self explanatory but just in case, it's the number of transactions ever
recorded on these blockchains.
This is one of the most interesting data points on the website. This index takes the
Bitcoin value (market cap) and the number of transactions (Tx) per day and makes it an
index set to "1". Then, it varies with the other blockchains data. The index grows when
the blockchain is very active and its market cap is low.
A blockchain with the same amount of Tx as Bitcoin but with only half of its market cap
would have an AVI of 2. From the investor point of view, it would be twice as valuable
as Bitcoin because it would have the same level of activity with only half the market
cap. Another blockchain with half the amount of Bitcoin Tx with the same market cap
would have an AVI of 0.5.
We can see blockchains like BitShares and Steem having very high index values. That is
explained by the fact that they have a very low market caps but they process the same
kind of Bitcoin activity or more.
This index is straightforward. It represents the actual blockchain usage and the
remaining available capacity. Have a look at how many Tx have been recorded during a
day and see how much more capacity the blockchain has left. You will be surprised!
Transactions on the most
active blockchains (7 days
average)
Rest: 12.8 %
Rest:
ETH: 31.…
ETH:
BTC: 9.6 %
BTC:
BTS: 11.6 %
BTS:
STEEM: 34.5 %
STEEM:
Highcharts.com
Market cap of the most
active blockchains
BTS: 0.5 %
BTS:
ETH: 28.2 %
ETH:
STEEM: 0.4 %
STEEM:
BTC: 70…
BTC:
Highcharts.com