GM web3 DOers!
On-chain analysis is one of the most powerful tools in web3.
It allows us to dive deep into companies, projects, DAOs, and more to uncover the trends, user activity, financial health, and overall performance of a particular entity. It gives power back to the people where previously most business data is locked tightly behind private servers. 🔒
But times are changing.
In this Deep Dive, I break down:
- What on-chain analytics is and what’s wrong with current business reporting ⛓️
- The main ways on-chain analysis will improve data access ✅
- How we can leverage on-chain analysis to improve our decision-making 🤔
Let’s dive in.
What Is On-Chain Analytics?
On-chain analytics refers to the process of analyzing transactions and other data that is recorded directly onto a blockchain.
Remember, a blockchain is essentially an open, permissionless, and transparent ledger. Everything which uses the blockchain (ie. non-fungible tokens, fungible tokens, wallets, smart contracts, etc.) has a unique ID that can be tracked by anyone at any time.
This can include analyzing the volume of transactions on a blockchain, tracking the movement of tokens between addresses, the activity on a specific application or protocol, and identifying patterns or trends across blockchain use cases.
For example, we can view and analyze any of the on-chain data from OpenSea, such as its monthly fees generated or NFTs sold.
On-chain analysis also allows us to look at this volume on specific blockchains, i.e., Solana, Ethereum, Polygon, etc.
Being able to understand, analyze, and ultimately turn on-chain data for protocols, applications, collections, and companies into valuable insights will be the superpower in the coming decades. Rather than speculating, it allows you to understand exactly what’s happening in the space.
The problem is that on-chain analysis is tricky—especially if you’re not a technical person. 😵💫
But, we don’t want you to miss out on insights that will shape your web3 strategies, so we’re doing all the hard work for you—which is exactly why we created Web3 Academy PRO!
🟣 ABOUT PRO
PRO is the premier resource that combines on-chain analysis with industry insights for DOers like you who want actionable, digestible reports delivered straight to their inboxes each week.
The first Web3 Academy PRO report was launched last week and the feedback has been incredible thus far, especially over the weekend!
We initially offered 100 PRO spots at a 50% discount (expecting these to last until the end of this month) but 83 spots are already gone… 🤯
We now have only 17 spots left for DOers to secure a staggering 50% off PRO for life! 🚀
If you want to understand what’s actually happening in web3 (with on-chain analysis) and want to stay at the forefront of the space, Web3 Academy PRO is for you. ✅
