DEFIMARKETDEVELOPMENT

The Block is a data platform that covers trading markets, open finance, and on-chain data comprehensively.

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The Block is a data platform that covers trading markets, open finance, and on-chain data comprehensively.

The Block, a blockchain media company, has launched a cryptocurrency data platform called "Data Dashboard," covering on-chain data, spot, futures, options markets, decentralized finance, as well as exchanges, community traffic, and more, providing a one-stop solution for users, professional investors, and institutions' data needs.

The Block points out that data is crucial in the digital asset industry, impacting all decisions for investors and startups across platforms and protocols. Their research director, Larry Cermak, expressed excitement on Twitter, saying, "The day has finally come."

Larry mentioned that their data sources involve collaborations with many top data providers, such as Coin Metrics, Dune Analytics, skew, Chainalysis, TradingView, and other familiar data platforms. The current data categories include:

On-chain Data

On-chain Data covers a comparison of data between Bitcoin and Ethereum, including:

  • Daily and monthly on-chain transaction volume
  • Miner daily and monthly revenue
  • Percentage of mining revenue from transactions
  • Hash rate
  • Average daily transaction fees
  • Lightning Network capacity
  • Ethereum asset flows
  • Percentage of illicit fund flows
  • Exchange USDT inflows
  • Exchange Bitcoin (Ethereum) holdings changes
  • Exchange USDT holdings changes
  • Miner output Bitcoin (Ethereum) flows
Bitcoin, Ethereum data comparison (Source: The Block)

In this category, on-chain data for Bitcoin and Ethereum primarily comes from Coin Metrics; exchange and fund flows are provided by Chainalysis.

Trading Markets

Aside from providing the main trading volumes of various exchanges, some rare and interesting data in the trading markets include:

Price performance comparison (Source: The Block)

The spot market trading data comes from CryptoCompare, futures data from Skew, and Grayscale products are provided by TradingView.

Open Finance

This category of data includes:

  • Stablecoin flows, trading volumes, and the share of various stablecoins
  • DeFi protocol outstanding debt
  • Nexus Mutual capital pool
  • Augur V2 open interest
  • DEX trading volume share
  • ERC20 version Bitcoin share
  • Privacy protocol Tornado Cash pool
Stablecoin-related data (Source: The Block)

Aside from stablecoin data from Coin Metrics, lending, DEX data is provided by Dune Analytics.

"Other data" provides exchange traffic and Twitter social volume based on Bitcoin, Ethereum. Research Director Larry Cermak hopes users can provide feedback on Twitter, and any good suggestions can quickly be added or updated to the charts. He claims that by the end of the year, the platform will have over 150 charts.

All charts on the platform can be imported into websites, blogs, etc., by copying the HTML code, presented as dynamic charts. However, the main drawback currently is the inability to select specific data time frames, as it is primarily based on the time frames provided by the website, and cannot be directly downloaded in PNG or JPEG formats. If unable to embed using HTML code, manual screenshots are required.

Overall, The Block data platform may not be as detailed in various aspects as platforms like Skew, Coin Metrics, but it covers a more comprehensive range of fields. If, as Larry mentioned, they continue to develop, they may potentially gain some market share in the data platform market.