PROTECTED SOURCE SCRIPT
Blocks
🔍 On-Chain Analytics Overview
This indicator compares key on-chain metrics against their 55-day and 111-day moving averages to evaluate the network’s overall health.
It helps visualize trends in user activity, transaction dynamics, and market valuation to identify potential shifts in market sentiment.
📊 Core Metrics
Active Addresses: The number of unique addresses actively interacting with the network. An increase suggests higher user engagement and network utilization.
New Address Count: The number of newly created wallets. A decline may indicate slowing user adoption or lower retail participation.
Non-zero Balance Addresses: Addresses holding a non-zero balance — a metric of long-term adoption and retention.
Active Supply (1Y): The percentage of supply that has moved within the last year. Lower values imply stronger “HODL” behavior and long-term confidence.
Realized Market Value: Represents the total value of coins based on their last on-chain movement, reflecting the cost basis of holders.
Market Value: The current market capitalization derived from price × circulating supply.
Large Transaction Count / Volume: Measures institutional or whale-level activity. Spikes may indicate accumulation or distribution phases.
90-day NVT (Network Value to Transaction Volume): A valuation metric comparing network value to transaction activity.
High NVT → Overvalued or speculative phase
Low NVT → Undervalued or high on-chain utility
Daily Transaction Count: Indicates on-chain activity levels; rising values often precede bullish momentum.
Transaction Fees (USD): Network demand indicator — rising fees can reflect congestion or growing user activity.
Top Holder Addresses: Tracks concentration among top wallets (e.g., top 0.1%, 0.001%), offering insights into wealth distribution and whale dominance.
⚙️ Delta & Score System
Δ (Delta): Shows deviation from the long-term average (MA-55 / MA-111).
Positive Delta → Metric above historical norm (strength or overheating)
Negative Delta → Metric below historical norm (weakness or cooling)
Score Icons:
✅ = Healthy / Positive trend
⚠️ = Mixed or Neutral signal
🔻 = Caution / Negative trend
🧭 Interpretation
A cluster of green checkmarks (✅) signals robust network fundamentals — often supportive of long-term growth.
A dominance of warnings (⚠️) or red signals (🔻) indicates network slowdowns or profit-taking phases.
This indicator compares key on-chain metrics against their 55-day and 111-day moving averages to evaluate the network’s overall health.
It helps visualize trends in user activity, transaction dynamics, and market valuation to identify potential shifts in market sentiment.
📊 Core Metrics
Active Addresses: The number of unique addresses actively interacting with the network. An increase suggests higher user engagement and network utilization.
New Address Count: The number of newly created wallets. A decline may indicate slowing user adoption or lower retail participation.
Non-zero Balance Addresses: Addresses holding a non-zero balance — a metric of long-term adoption and retention.
Active Supply (1Y): The percentage of supply that has moved within the last year. Lower values imply stronger “HODL” behavior and long-term confidence.
Realized Market Value: Represents the total value of coins based on their last on-chain movement, reflecting the cost basis of holders.
Market Value: The current market capitalization derived from price × circulating supply.
Large Transaction Count / Volume: Measures institutional or whale-level activity. Spikes may indicate accumulation or distribution phases.
90-day NVT (Network Value to Transaction Volume): A valuation metric comparing network value to transaction activity.
High NVT → Overvalued or speculative phase
Low NVT → Undervalued or high on-chain utility
Daily Transaction Count: Indicates on-chain activity levels; rising values often precede bullish momentum.
Transaction Fees (USD): Network demand indicator — rising fees can reflect congestion or growing user activity.
Top Holder Addresses: Tracks concentration among top wallets (e.g., top 0.1%, 0.001%), offering insights into wealth distribution and whale dominance.
⚙️ Delta & Score System
Δ (Delta): Shows deviation from the long-term average (MA-55 / MA-111).
Positive Delta → Metric above historical norm (strength or overheating)
Negative Delta → Metric below historical norm (weakness or cooling)
Score Icons:
✅ = Healthy / Positive trend
⚠️ = Mixed or Neutral signal
🔻 = Caution / Negative trend
🧭 Interpretation
A cluster of green checkmarks (✅) signals robust network fundamentals — often supportive of long-term growth.
A dominance of warnings (⚠️) or red signals (🔻) indicates network slowdowns or profit-taking phases.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.