#链上数据洞察 On-chain data observation is the process of collecting, analyzing, and interpreting various data on the blockchain network. Below are some related contents:

Observation Contents

• Transaction Information: Includes transaction volume, transaction amount, sender, receiver, transaction fees, etc. By analyzing changes in transaction volume and amount, one can understand the market's activity level and capital flow trends.

• Address Data: Such as the number of active addresses, the number of new addresses, etc. An increase in active addresses indicates more users participating in network activities; an increase in new addresses may signal the joining of new users.

• Asset Distribution: Mainly focuses on the concentration of token holdings, understanding the total proportion held by the top few holders, which can assess market risk. If a few addresses hold a large amount of tokens, it may have a significant impact on the price.

• Smart Contract Related: Such as Total Value Locked (TVL) and number of smart contract calls. TVL reflects the scale and popularity of DeFi protocols, while the number of smart contract calls can illustrate their usage and acceptance.

Observation Tools

• Blockchain Explorers: Such as Etherscan, Blockchain.com Explorer, etc., allowing manual queries of blocks, transactions, and account information.

• Professional Analysis Platforms: Platforms like Scopescan, Nansen, Glassnode, and Dune Analytics provide rich data resources and powerful analysis tools.

• Data API Interfaces: Many blockchain networks and data providers offer API interfaces, allowing users to obtain on-chain data programmatically, facilitating automated analysis and large-scale data processing.

Latest On-chain Data Observation Case

According to SoSoValue statistics and the latest monitoring data from the on-chain security team TenArmor, the Bybit trading platform saw a total inflow of over $4 billion in the past 12 hours on February 22, 2025, including 63,168.08 ETH, $3.15 billion USDT, $173 million USDC, and $525 million CUSD.