{"id":13166,"date":"2024-03-14T08:46:38","date_gmt":"2024-03-14T05:16:38","guid":{"rendered":"https:\/\/farhadsalimi.com\/what-is-on-chain-data\/"},"modified":"2024-07-17T15:15:48","modified_gmt":"2024-07-17T11:45:48","slug":"what-is-on-chain-data","status":"publish","type":"post","link":"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/","title":{"rendered":"What is On Chain Data?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#What_is_On_Chain_Data\" >What is On Chain Data?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Uses_and_benefits_of_such_data\" >Uses and benefits of such data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Limitations_and_disadvantages_of_on-chain_data\" >Limitations and disadvantages of on-chain data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#The_components_of_that_data_chain\" >The components of that data chain<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Behavior_of_concentrated_buyers_and_sellers\" >Behavior of concentrated buyers and sellers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Network_health\" >Network health<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Value_assessment\" >Value assessment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Methods_of_using_that_data_chain\" >Methods of using that data chain<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Total_Value_Locked_TVL\" >Total Value Locked (TVL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Turnover\" >Turnover<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Supply_distribution\" >Supply distribution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Information_of_developers_and_miners\" >Information of developers and miners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Storage_time\" >Storage time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Active_addresses\" >Active addresses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#The_number_of_tokens_transferred_to_the_exchange\" >The number of tokens transferred to the exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-on-chain-data\/#Monitoring_the_behavior_of_market_whales\" >Monitoring the behavior of market whales<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13166\" class=\"elementor elementor-13166 elementor-9318\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba6101f e-flex e-con-boxed e-con e-parent\" data-id=\"ba6101f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da0ad24 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"da0ad24\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-1024x512.jpg\" class=\"attachment-large size-large wp-image-12447\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0622\u0646-\u0686\u06cc\u0646-\u062f\u06cc\u062a\u0627.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ed8c37 e-flex e-con-boxed e-con e-parent\" data-id=\"6ed8c37\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60ebbd5 elementor-widget elementor-widget-text-editor\" data-id=\"60ebbd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">OnChain<\/span> <span dir=\"LTR\">Data<\/span> <span lang=\"AR-SA\">It provides users with a set of information obtained from the experience and analysis of the blockchain chain of each digital currency. In fact, the purpose of using that chain of data or the same data of that chain is to identify cryptocurrencies that are prone to growth. The data in the blockchain network obtained from such an analysis site allows you to check all transactions and financial transfers on a specific blockchain.  <\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">This is while this capability has not been observed in the traditional banking system and this issue has also created a platform for financial corruption. The indicators of that data chain<\/span> <span dir=\"LTR\">On Chain<\/span> <span lang=\"AR-SA\">will help you to identify the direction of the market trend before other traders to make transactions faster<\/span> <span dir=\"LTR\">.<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: justify;\">Unlike other financial markets, digital currency transaction data is publicly accessible, and through them, it is easy to identify projects that are worth investing in. In addition to providing different views about the trend of cryptocurrencies through fundamental analysis and technical analysis, the use of on-chain data also provides useful information in the analysis of the blockchain chain of each cryptocurrency. In the rest of this article, I will discuss the uses and benefits of that data chain.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-611d32f e-flex e-con-boxed e-con e-parent\" data-id=\"611d32f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6b0042e e-con-full e-flex e-con e-child\" data-id=\"6b0042e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-761c42f elementor-invisible elementor-widget elementor-widget-image\" data-id=\"761c42f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/farhadsalimi.com\/en\/fundamental-analysis-or-fundamental-analysis\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-1024x512.jpg\" class=\"attachment-large size-large wp-image-11147\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u0641\u0627\u0646\u062f\u0627\u0645\u0646\u062a\u0627\u0644-\u0627\u0631\u0632-\u062f\u06cc\u062c\u06cc\u062a\u0627\u0644.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-86630b3 e-con-full e-flex e-con e-child\" data-id=\"86630b3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-908456c elementor-invisible elementor-widget elementor-widget-image\" data-id=\"908456c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/farhadsalimi.com\/en\/technical-analysis-and-full-training-technical-analysis\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-1024x512.jpg\" class=\"attachment-large size-large wp-image-11499\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/02\/\u062a\u062d\u0644\u06cc\u0644-\u062a\u06a9\u0646\u06cc\u06a9\u0627\u0644-\u0686\u06cc\u0633\u062a.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16a7a3d e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"16a7a3d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;lightSpeedIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fab4c70 elementor-widget elementor-widget-text-editor\" data-id=\"fab4c70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><strong><span style=\"color: #ffff00;\">Attention: Technical analysis without fundamental analysis will be an incomplete analysis. Therefore, it is suggested not to rely on the results of this analysis alone for investment.<\/span><\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e586a01 e-flex e-con-boxed e-con e-parent\" data-id=\"e586a01\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-89c27f0 elementor-widget elementor-widget-text-editor\" data-id=\"89c27f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_is_On_Chain_Data\"><\/span>What is On Chain Data?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\">On-chain data or on-chain data are data that include all the interactions of the blockchain chain and are stored in the network.<\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\">Enchain or chain data includes information such as all transactions performed on the public blockchain platform. For example, transaction details such as transferred currency, sending and receiving address, digital currency wallet address, transaction fee, transaction amount, etc., as well as smart contract code, mining fee, block data such as time are also information that It provides data to users. Based on the immutable, powerful and security mechanism of blockchain, those data chains cannot be changed, deleted or manipulated.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16d6256 e-flex e-con-boxed e-con e-parent\" data-id=\"16d6256\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c6b06ff elementor-widget elementor-widget-text-editor\" data-id=\"c6b06ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Read more: <a style=\"color: #000000;\" title=\"What is a digital currency wallet? Which is the most secure cryptocurrency?\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-a-digital-currency-wallet-which-is-the-most-secure-cryptocurrency\/\">What is a digital currency wallet? Which is the most secure cryptocurrency?<\/a><br \/><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-621f507 e-flex e-con-boxed e-con e-parent\" data-id=\"621f507\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bf3ddbb elementor-widget elementor-widget-text-editor\" data-id=\"bf3ddbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">On-chain analysis and analysis training is such a research strategy using the information available in the public blockchain. Therefore, that chain of data makes it possible to predict price trends and support trading strategies for analysts.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c9c47c e-flex e-con-boxed e-con e-parent\" data-id=\"2c9c47c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fd5e6b4 elementor-widget elementor-widget-text-editor\" data-id=\"fd5e6b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Read more: <a style=\"color: #000000;\" title=\"Onchain analysis in the digital currency market\" href=\"https:\/\/farhadsalimi.com\/en\/onchain-analysis-in-the-digital-currency-market\/\">Onchain analysis in the digital currency market<\/a><br \/><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-697f3a8 e-flex e-con-boxed e-con e-parent\" data-id=\"697f3a8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5127cf7 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"5127cf7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1024x512.jpg\" class=\"attachment-large size-large wp-image-12449\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u06a9\u0627\u0631\u0628\u0631\u062f-\u0648-\u0645\u0632\u0627\u06cc\u0627\u06cc-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-99702c5 e-flex e-con-boxed e-con e-parent\" data-id=\"99702c5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-379dcd4 elementor-widget elementor-widget-text-editor\" data-id=\"379dcd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed;\"><span class=\"ez-toc-section\" id=\"Uses_and_benefits_of_such_data\"><\/span>Uses and benefits of such data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\">As you may have already realized, OnChain Analysis is a combination of fundamental and technical analysis that traders use to examine the trend of intra-network transactions.<\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\">Such analysts are trying to make a better prediction about the price movement of their desired cryptocurrency in the future based on that chain of data. In fact, you can make the best decision for buying and selling and investing in digital currency by identifying the best digital currencies prone to growth with the help of that data chain.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-02cc378 e-flex e-con-boxed e-con e-parent\" data-id=\"02cc378\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fa1a201 elementor-widget elementor-widget-text-editor\" data-id=\"fa1a201\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Read more: <a style=\"color: #000000;\" title=\"Learning to invest in digital currency\" href=\"https:\/\/farhadsalimi.com\/en\/learning-to-invest-in-digital-currency\/\">Learning to invest in digital currency<\/a><br \/><\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38e7233 e-flex e-con-boxed e-con e-parent\" data-id=\"38e7233\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bbac906 elementor-widget elementor-widget-text-editor\" data-id=\"bbac906\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Other uses of<\/span> <span dir=\"LTR\">OnChain Data<\/span> <span lang=\"AR-SA\">It is possible to use it in daily transactions for investors and traders of the digital currency market. Although it was pointed out in the training of such analysis that this analysis is not suitable for short-term trading, it does not mean that it has no application in daily trading.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">  On the other hand, it is possible to check the amount of mined coins and the volume of transactions through such data. The use of that data chain has led traders and investors to advance in the market and it is possible to learn about the performance of whales in the market. Therefore, it is necessary for all investors with such data<\/span> <span dir=\"LTR\">(on-Chain Data)<\/span> <span lang=\"AR-SA\">have relative familiarity<\/span> <span dir=\"LTR\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Limitations_and_disadvantages_of_on-chain_data\"><\/span>Limitations and disadvantages of on-chain data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">In addition to all the advantages and uses mentioned in relation to that chain of data, there are also disadvantages in using it, which I will mention below:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d2f70e9 e-flex e-con-boxed e-con e-parent\" data-id=\"d2f70e9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b53d3e elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"9b53d3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">In the analysis of such Bitcoin, the available data is for about 10 years ago, and for some other cryptocurrencies, it is less than this value. Therefore, some such data are not very reliable and there is a possibility of changing their interpretation.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Using that data chain and intra-chain analysis is not suitable for scalpers and short-term trading. The signals of these analyzes are used in the long term.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-left\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Scalability layer 2 solutions such as sidechain and lightning make it possible to transform the volume of transactions. These items are measured in that data chain and are likely to change over time.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e64f34 e-flex e-con-boxed e-con e-parent\" data-id=\"4e64f34\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da32010 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"da32010\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1024x512.jpg\" class=\"attachment-large size-large wp-image-12451\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0627\u062c\u0632\u0627\u06cc-\u062a\u0634\u06a9\u06cc\u0644-\u062f\u0647\u0646\u062f\u0647-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0627\u0646\u0686\u06cc\u0646.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a767995 e-flex e-con-boxed e-con e-parent\" data-id=\"a767995\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67f23ce elementor-widget elementor-widget-text-editor\" data-id=\"67f23ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"The_components_of_that_data_chain\"><\/span>The components of that data chain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Those data chains are very dependent on the blockchain and its democratic system. This data includes 3 layers of centralized buyer and seller behavior, network health and network assessment.<\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Behavior_of_concentrated_buyers_and_sellers\"><\/span><span lang=\"AR-SA\">Behavior of concentrated buyers and sellers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">In the cryptocurrency market, there are exchanges, traders and big investors who do not have an impact on daily transactions, but the behavior of these people is very important in the market trend.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">The second layer helps to analyze and evaluate the activity of these people by using indicators from that data chain. The information obtained in the first layer is also used in the second layer and provides a deeper insight into the plans of big investors.<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Network_health\"><\/span><span lang=\"AR-SA\">Network health<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">In addition to the infrastructure role, the first layer also plays a role in determining the structure of the next layers. Other layers create their indicators based on the data of this section. Data in this phase is unmanipulated, edited and raw. The first layer includes monetary integrity (circulating balance), security (mining rate and hash rate), network transparency and applications (transaction volume and active addresses).<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Value_assessment\"><\/span><span lang=\"AR-SA\">Value assessment<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Miners in the cryptocurrency market do not sell large amounts of their assets when <a title=\"Bitcoin price\" href=\"https:\/\/farhadsalimi.com\/en\/bitcoin-price-depends-on-what-factors\/\">the price of Bitcoin<\/a> is equal to or lower than its actual price. Based on that chain of data, this price gap can be understood.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">  That chain of data helps traders to guess the true value and detect negative or positive market bubbles. In the Bitcoin blockchain, using Enchain data, the amount of bubbles can be calculated every 10 minutes by analyzing the creation of new blocks.<\/span><span dir=\"LTR\">.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bdbef71 e-flex e-con-boxed e-con e-parent\" data-id=\"bdbef71\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ccab806 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"ccab806\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-1024x512.jpg\" class=\"attachment-large size-large wp-image-12453\" alt=\"\" srcset=\"https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-1024x512.jpg 1024w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-300x150.jpg 300w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-768x384.jpg 768w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-1000x500.jpg 1000w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646-670x335.jpg 670w, https:\/\/farhadsalimi.com\/wp-content\/uploads\/2024\/03\/\u0631\u0648\u0634-\u0647\u0627\u06cc-\u0627\u0633\u062a\u0641\u0627\u062f\u0647-\u0627\u0632-\u062f\u0627\u062f\u0647-\u0647\u0627\u06cc-\u0622\u0646-\u0686\u06cc\u0646.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b904068 e-flex e-con-boxed e-con e-parent\" data-id=\"b904068\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-66cb25f elementor-widget elementor-widget-text-editor\" data-id=\"66cb25f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Methods_of_using_that_data_chain\"><\/span>Methods of using that data chain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">That chain of data creates a deep view for the trader and is used for all businesses and people active in this field. Although these data alone cannot be responsible for all market events, they help to organize cryptocurrency transactions. In the following, I refer to the methods of working with that chain of data:<\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Total_Value_Locked_TVL\"><\/span><span lang=\"AR-SA\">Total Value Locked<\/span> <span dir=\"LTR\">(TVL)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Total Locked Value or<\/span> <span dir=\"LTR\">TVL<\/span><span lang=\"AR-SA\">, is a measure in DeFi platform or decentralized applications to measure digital assets. All sizes<\/span> <span dir=\"LTR\">If the TVL<\/span> <span lang=\"AR-SA\">shows a higher number, the software or platform in question is more reliable, and from that point of view, the data chain will have a higher value<\/span> <span dir=\"LTR\">. TVL<\/span> <span lang=\"AR-SA\">actually includes the sum of stablecoins, tokens and other cryptocurrencies that are used as collateral in a platform for <a title=\"Digital currency loan\" href=\"https:\/\/farhadsalimi.com\/en\/digital-currency-loan-crypto-lending\/\">digital currency loans<\/a> .<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">  Also, this value provides the necessary liquidity for the platform and will increase its credibility. For example, if a DeFi platform has $5 million worth of Tether, $10 million worth of Ethereum, and other tokens<\/span> <span dir=\"LTR\">ERC-20<\/span> <span lang=\"AR-SA\">is worth $2 million, its total locked value or<\/span> <span dir=\"LTR\">TVL<\/span> <span lang=\"AR-SA\">is $17 million<\/span> <span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Turnover\"><\/span><span lang=\"AR-SA\">Turnover<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span dir=\"LTR\">Trade<\/span> <span lang=\"AR-SA\">Volume<\/span> <span lang=\"AR-SA\">Another criterion involved in that is data chain. This measure actually specifies the total number of units of a currency that have been bought and sold in a certain period of time. Trading volume provides users with useful information about the liquidity and activity of a market or a platform.  <\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">If the transaction volume of an application and platform shows a higher number, it can be concluded that there is high liquidity in that platform. This criterion is used in technical analysis along with such analysis<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Supply_distribution\"><\/span><span lang=\"AR-SA\">Supply distribution<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Although the field of blockchain and digital currency is known for decentralization, there are some signs of concentration in it. For example, suppose you have a very large amount of the total supply of a particular cryptocurrency<\/span> <span dir=\"LTR\">Active Address<\/span> <span lang=\"AR-SA\">is limited.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">In this case, it can be said that this currency has a disproportionate performance in terms of distribution, and whales will be able to change its price quickly. That Chinese data examined in this aspect of the market is called supply distribution<\/span><span dir=\"LTR\">  (Supply Distribution)  <\/span><span lang=\"AR-SA\">they are introduced. By examining this data, one can learn about the distribution method of a currency among active addresses in the market and adjust their investment strategy more accurately.<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Information_of_developers_and_miners\"><\/span><span lang=\"AR-SA\">Information of developers and miners<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Usually, the portfolio of ongoing cryptocurrency projects is available to the public. Tracking these addresses helps users to know if the team is collecting and uploading tokens or not. In projects like Bitcoin and Ethereum, miners are needed to maintain the network, and therefore their mentality is important. The buying and selling behavior of miners greatly affects the market<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Storage_time\"><\/span><span lang=\"AR-SA\">Storage time<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Evaluating the duration of <a title=\"Holding digital currency\" href=\"https:\/\/farhadsalimi.com\/en\/what-is-digital-currency-holding-or-hodl\/\">holding a particular digital currency<\/a> means that investors hold a currency for a long time and sell them at the same time.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">  In this situation, you can understand the mood of the market and the position of the investor. As the number of investors increases, you will see a decrease in the circulating supply of cryptocurrency. This analysis states that if the demand is constant, you will face an increase in the price of cryptocurrency<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Active_addresses\"><\/span><span lang=\"AR-SA\">Active addresses<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Active<\/span> <span dir=\"LTR\">Addresses<\/span> <span lang=\"AR-SA\">In a particular platform or market, another important parameter in its analysis is data chain. In the cryptocurrency world, an address (sender or receiver) is considered active as soon as it is included in a successful transaction.<\/span><\/p>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Therefore, booming financial markets have more active addresses. By reducing these addresses on a platform, that platform will likely experience a loss of users and stagnation<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"The_number_of_tokens_transferred_to_the_exchange\"><\/span><span lang=\"AR-SA\">The number of tokens transferred to the exchange<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">In that data chain, you will be able to see the tokens that are continuously sent to exchanges such as Coinbase and Binance. This means the correction of the price of digital currency, and based on this information, you can measure the <a title=\"financial risk\" href=\"https:\/\/farhadsalimi.com\/en\/types-of-financial-risk-in-the-digital-currency-market-and-investment-risk-management-training\/\">financial risk<\/a> of investing and the risk of keeping your digital currency.<\/span><span dir=\"LTR\">.<\/span><\/p>\n<h3 dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span class=\"ez-toc-section\" id=\"Monitoring_the_behavior_of_market_whales\"><\/span><span lang=\"AR-SA\">Monitoring the behavior of market whales<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\"><span lang=\"AR-SA\">Based on the analysis of that data chain, one can find out the number of whales and big investors. When a large percentage of an asset is held by small groups, these large-scale investors have the ability to manipulate the market. Therefore, the analysis of the main holders of cryptocurrencies is very important<\/span><span dir=\"LTR\">.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eb9a675 e-flex e-con-boxed e-con e-parent\" data-id=\"eb9a675\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-15b6ddc elementor-widget elementor-widget-accordion\" data-id=\"15b6ddc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2271\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2271\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the method of obtaining that chain of data?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2271\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2271\"><p dir=\"RTL\" style=\"direction: rtl; unicode-bidi: embed; text-align: justify;\">You can reach that chain of data through analytical sites with such facilities and tools and charts. Among these sites, we can mention <a title=\"IntoTheBlock site\" href=\"https:\/\/farhadsalimi.com\/en\/intotheblock-site-and-training-to-work-with-the-into-the-block-site\/\">the IntoTheBlock site<\/a> , which is one of Farhad Exchange&#8217;s business partners.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>OnChain Data It provides users with a set of information obtained from the experience and analysis of the blockchain chain of each digital currency. In fact, the purpose of using&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowycW7DA:productID":"","footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-13166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-articles-en"},"_links":{"self":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/13166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/comments?post=13166"}],"version-history":[{"count":0,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/posts\/13166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/media\/12445"}],"wp:attachment":[{"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/media?parent=13166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/categories?post=13166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farhadsalimi.com\/en\/wp-json\/wp\/v2\/tags?post=13166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}