#OnChainInsights

On-chain refers to all activities that occur directly on the blockchain and are recorded permanently. Every transaction or smart contract execution is verified by the network, ensuring transparency and security. For example, when someone sends Bitcoin, the transaction is recorded on the blockchain and cannot be changed. In the DeFi world, platforms like Uniswap allow users to exchange crypto assets without intermediaries, all on-chain. NFTs also use this technology to ensure ownership of unique digital assets. Additionally, voting in DAOs allows the community to make decisions in a decentralized manner. While secure, on-chain processes are often slower and more expensive than off-chain solutions.