CoinDesk Launches the Crypto-Economics Explorer, A New Way to Visualize Crypto Assets

gepubliceerd op by Coindesk | gepubliceerd op

The BPI has established itself as a gold standard for journalists, researchers and investors, while bitcoin, the world's oldest and most valuable crypto asset, has birthed a new economy.

The market for crypto assets has expanded dramatically and it is no secret this growth has outpaced understanding of what remains a novel technology phenomenon.

Often excluded in available tools are many of the essential elements that we know have propelled the growth of crypto assets - developer interest, social activity, even the use of a crypto asset's blockchain.

At CoinDesk, we believe we've created a more comprehensive way to view cryptocurrency market data, a one-of-a-kind product that, for the first time, let's anyone visualize a complete picture of a crypto asset market.

The CoinDesk Crypto-Economics Explorer is a tool designed to offer a more complete picture of the economic activity for crypto assets.

The result of our work is a suite of 28 factors related to price, exchange, network effect, developer base and social data that allows you to measure crypto assets against each other and against bitcoin.

To normalize our data, we created the Bitcoin Benchmark, which makes it easier to compare bitcoin and other crypto assets.

As we've said, looking at the price is just one way to measure a network's health - one that doesn't exactly indicate if a crypto asset is actually being used.

How many exchanges list the crypto asset? How many trading pairs does that asset have across exchanges? And what volume of fiat currency is it exchanged for - a good indicator of the amount of liquidity moving in and out of crypto exchanges.

What you're seeing today is just the first version of what we hope will become the industry standard for visualizing the health and growth of the world's major crypto assets.

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