Glassnode Enhances ERC-20 Token Analysis: Over 500 New Tokens Supported

Leading
on-chain
analytics
platform
Glassnode
has
announced
a
significant
expansion
of
its
ERC-20
token
support,
adding
over
500
new
tokens
to
its
analytics
suite.
This
move
aims
to
provide
deeper
insights
and
more
granular
metrics
across
the
Ethereum
(ETH)
ecosystem,
according
to
Glassnode
Insights.

Solidifying
Leadership
in
On-Chain
Analytics

Glassnode,
known
for
its
comprehensive
Bitcoin
(BTC)
analytics,
is
now
extending
its
expertise
to
Ethereum.
The
addition
of
these
ERC-20
tokens
enables
users
to
apply
the
same
depth
of
analysis
to
Ethereum-based
assets
as
they
do
to
Bitcoin.
This
release
includes
a
wide
range
of
popular
and
emerging
tokens,
covering
sectors
from
decentralized
finance
(DeFi)
to
AI-driven
projects
and
staking
trends.

Enhanced
Metric
Coverage

With
the
expanded
ERC-20
token
support,
Glassnode
is
rolling
out
a
variety
of
metrics
for
these
new
assets.
Key
areas
of
analysis
include:

• 
  Asset
  Fundamentals:
  Metrics
  such
  as
  Active
  Addresses,
  New
  Addresses,
  Market
  Cap,
  Price,
  Circulating
  Supply,
  Supply
  in
  Smart
  Contracts,
  and
  Supply
  of
  Top
  1%
  Addresses.
• 
  Capital
  Flows:
  Insights
  into
  asset
  movements
  with
  Transfer
  Volume
  (Total,
  Median,
  Mean),
  Transfer
  Count,
  Exchange
  Balances,
  Netflows,
  and
  more.
• 
  Profit
  and
  Loss
  Data:
  Metrics
  like
  SOPR
  (Spent
  Output
  Profit
  Ratio),
  MVRV
  (Market
  Value
  to
  Realized
  Value),
  and
  Realized
  Profit
  and
  Loss,
  broken
  down
  by
  wallet
  size,
  age,
  and
  holding
  period.

This
comprehensive
metric
coverage
allows
users
to
analyze
the
Ethereum
ecosystem
with
unprecedented
depth
and
detail,
aiding
in
market
comparisons,
sector
analysis,
and
momentum
predictions.

Free
Access
for
30
Days

To
celebrate
this
expansion,
Glassnode
is
offering
free
access
to
all
ERC-20-based
token
metrics
for
the
first
30
days.
This
limited-time
offer
allows
users
to
explore
the
full
potential
of
the
new
metrics
and
test
various
strategies.

Unified
Platform
for
Comprehensive
Analysis

Glassnode’s
recent
infrastructure
upgrade
facilitates
the
integration
of
more
assets
and
metrics,
enabling
users
to
perform
detailed
analyses
of
both
Bitcoin
and
Ethereum
from
a
single
platform.
This
upgrade
aims
to
eliminate
the
need
for
multiple
data
providers,
streamlining
the
analytical
process
for
investors.

Application
Case
Study:
Weekly-Monthly
Seller
Exhaustion
Model

In
Q2
2024,
Glassnode
incorporated
detailed
breakdowns
of
popular
metrics
to
enhance
market
dynamics
understanding.
A
case
study
applying
the
Weekly-Monthly
Seller
Exhaustion
model
to
the
MATIC
token
demonstrated
the
model’s
efficacy
in
identifying
local
market
bottoms.
Key
metrics
used
included
MVRV
Ratio,
SOPR,
and
Realized
Loss,
offering
complementary
insights
into
market
sentiment
and
investor
behavior.

The
Seller
Exhaustion
model
has
now
been
extended
to
the
ERC-20
universe,
providing
a
data-driven
method
for
identifying
local
bottoms
and
enhancing
trading
strategies.

Future
Developments

Glassnode
continues
to
innovate,
with
plans
to
broaden
coverage
and
enhance
the
analytical
depth
of
its
platform.
Users
can
expect
more
updates
and
tools
aimed
at
providing
the
best
possible
on-chain
analysis.

For
more
information,
visit
the
official
announcement
on

Glassnode
Insights.

Image
source:
Shutterstock