TL;DR
- Glassnode expands its platform with support for over 500 new ERC-20 tokens.
- Advanced metrics are introduced to analyze the Ethereum ecosystem, from DeFi to AI-powered tokens.
- Users will have free access to the new ERC-20 token metrics for the first 30 days.
Glassnode has taken a significant step in its commitment to on-chain analytics by expanding its support to over 500 ERC-20 tokens.
With this move, the platform will allow its users to delve deeper into the analysis of Ethereum-based assets with the same level of detail they offer for Bitcoin.
We've expanded our platform to support over 500 new ERC-20 tokens! Now, apply the same depth of analysis from Bitcoin to key sectors like DeFi, AI-driven tokens, gaming, and staking. Dive deeper into this update here: https://t.co/GZVz00t5CM pic.twitter.com/Iis84m2nCL
— glassnode (@glassnode) September 17, 2024
This update is crucial as users will be able to analyze not only popular tokens but also emerging projects in areas such as decentralized finance (DeFi), AI-powered tokens, staking, and more.
The new range of metrics available covers essential aspects such as active addresses, circulating supply and the behavior of large investors.
It also offers detailed analysis of capital flows, allowing users to track token movements across networks and exchanges.
Additionally, the platform will provide key sentiment metrics such as MVRV (Market Value to Realized Value) and SOPR (Spent Output Profit Ratio), which help in better understanding investor behavior and selling pressure in the market.
One of the most innovative tools now available for ERC-20 tokens is the seller exhaustion model.
This model, which has proven useful in the Bitcoin market, allows us to identify moments when most sellers have left the market , suggesting the possibility of a local bottom and a new entry of buying demand.
Now, this methodology is extended to a wide variety of ERC-20 tokens, giving analysts and traders deeper insight into market sentiment and dynamics in the Ethereum (ETH) ecosystem.
Innovation in Ethereum-based asset analysis
This expansion not only strengthens Glassnode’s leadership position in on-chain analysis, but also simplifies the process for users who will now be able to perform detailed analysis of both Bitcoin and Ethereum on a single platform.
Instead of relying on multiple data providers, Glassnode seamlessly integrates metrics and assets, offering a unified view of the crypto market.
To celebrate this launch, Glassnode is offering free access to all ERC-20 token metrics for the first 30 days, allowing users to explore the new tools and strategies at no cost.
This testing period is a unique opportunity for analysts and traders to test the potential of expanded metrics and adjust their strategies based on more granular and accurate data.
With the ability to analyze over 500 tokens, Glassnode users can compare sectors, identify market cycles, and predict trend changes with unprecedented accuracy.
The platform remains committed to improving its tools and providing analytics that enable more informed decisions in the volatile world of cryptocurrencies.
This is just the beginning of what promises to be a series of continued innovations in the analysis of the Ethereum ecosystem.
