@nxxhiel
On-chain data evaluates crypto project value by analyzing blockchain metrics like transaction volume, active addresses, and token velocity. Tools like Dune Analytics aggregate this data into dashboards, offering insights into user adoption and network health. For example, high transaction volume with low active addresses may signal bot activity, not genuine growth. Total Value Locked (TVL) in DeFi projects, tracked via Dune, reflects capital commitment—e.g., Uniswap’s TVL hit $4B in 2024. Token holder distribution shows centralization risks; Dune queries reveal if whales dominate. Gas fees and smart contract interactions indicate utility. Comparing these metrics against market cap helps assess overvaluation. Dune’s SQL-based interface lets users customize analyses, making it a powerful tool for transparent valuation.
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