One way to consider a blockchain project is through its market cap. Another way, closer to the real value, is observing the activity on the blockchain. Lots of FUD and HYPE are responsible for "misplaced" capital in the cryptocurrency space. Here, we are observing which project is actually being used by people, which is in our opinion, the best predictive indicator of value you can have.
—-:BLOCKCHAIN ACTIVITY MATRIX:—-
TRANSACTION AND OPERATIONS:
On the blockchain, a transaction would be a simple operation between two people sending and receiving a crypotocurrency. An operation could be a transaction but it could be anything else.
Blockchains have evolved and you can now do a variety of operations such as create assets, create, delete or fill an order and so on. Operations works like transactions, they need an allocated space on blocks and confirmation time before being accepted by the network.
As we discover the potential of blockchain technology, these operations will diversify and blockchains only allowing simple transfer will be things of the past. Block'tivity considers the overall activity counting the operation (transactions and other operations) realized on the blockchain.
ACTIVITY (24H) & ACTIVITY (7d):
Block'tivity is using several sources to gather the blockchain usage data. To make it simple, at least for the first iteration of this website, the average daily and weekly activity will be refreshed every 24h.
RECORD :-
This column is self explanatory but just in case, it's the number of transactions ever recorded on these blockchains.
Activity Valuation Index (AVI):
This is one of the most interesting data points on the website. This index takes the Bitcoin value (market cap) and the number of transactions (Tx) per day and makes it an index set to "1". Then, it varies with the other blockchains data. The index grows when the blockchain is very active and its market cap is low.
A blockchain with the same amount of Tx as Bitcoin but with only half of its market cap would have an AVI of 2. From the investor point of view, it would be twice as valuable as Bitcoin because it would have the same level of activity with only half the market cap. Another blockchain with half the amount of Bitcoin Tx with the same market cap would have an AVI of 0.5.
We can see blockchains like BitShares and Steem having very high index values. That is explained by the fact that they have a very low market caps but they process the same kind of Bitcoin activity or more.
Capacity Utilizatioin Index (CUI):
This index is straightforward. It represents the actual blockchain usage and the remaining available capacity. Have a look at how many Tx have been recorded during a day and see how much more capacity the blockchain has left. You will be surprised!
Transactions on the most activeblockchains (7 days average
Market cap of the most activeblockchains:-
Thanks for reading:——