@blakes
On-chain data offers valuable insights into the health and potential of a cryptocurrency project. Platforms like Dune Analytics allow investors to track key metrics such as transaction volume, active addresses, and smart contract interactions. This data provides a real-time look into user engagement, token distribution, and overall ecosystem growth. By analyzing metrics like Total Value Locked (TVL) or user retention, investors can assess whether a project is genuinely gaining traction or facing stagnation. On-chain data also helps to identify issues such as low liquidity or large concentrations of tokens held by a few addresses. By leveraging these insights, investors can make more informed decisions about the long-term viability of crypto projects.
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