@vagnierolga935
To evaluate a crypto project's value using on-chain data, focus on active addresses as a proxy for user engagement. Track daily/weekly unique addresses interacting with the protocol. High growth indicates adoption. Use Dune Analytics to query Ethereum blockchain data: create a dashboard filtering by contract address, visualizing address growth over time. Compare with competitors via SQL queries on Dune. Tools like Nansen complement by labeling whale addresses. If addresses surge without price correlation, it might signal organic value. Always cross-reference with off-chain metrics like community sentiment for holistic assessment.
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