Unique Active Wallets have gone down to a third of

Question

Unique Active Wallets have gone down to a third of

ATH, transactions have decreased and still volume has increased a ton. What is the explanation for this? Or another way of asking, what exactly is volume measuring?

#cryptocurrency #english #ocean

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31.01.2024

6 ответов

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Danil | Never DM first Kovtoniuk

Volume is measured by two key metrics: Data Consume Volume (DCV) and Transaction Volume (TV). DCV refers to the amount of money spent over a time period to buy data assets where the data assets are subsequently consumed. TV refers to the number of blockchain transactions done over a time period. If the unique active wallets and the number of transactions have decreased but the volume has increased significantly, it could be due to a few larger transactions accounting for a greater total spend. This could happen if a few data assets with high DCV are being purchased, which would increase the overall volume despite a lower number of transactions and active wallets.

0

10 месяцев назад

Yin

Danil | Never DM first Kovtoniuk
Volume is measured by two key metrics: Data Consum...

Keep up the good work! 💪🏻

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10 месяцев назад

Data Автор вопроса

Danil | Never DM first Kovtoniuk
Volume is measured by two key metrics: Data Consum...

Thank you for the explanation, I must admit that it's still a little unclear to me. Could you link me to some documentation and then I can maybe ask follow up questions if I still don't understand it?

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10 месяцев назад

Danil | Never DM first Kovtoniuk

Data
Thank you for the explanation, I must admit that i...

Highly reccomend to use it https://docs.oceanprotocol.com/discover/glossary

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10 месяцев назад

KreigDK | Never DM first🌊

You right We see the issue with unique wallets ourselves and are brainstorming solutions. Yesterday, while delving into why the volume surged so much, I checked out Autobot and noticed a significant number of coins being staked.

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10 месяцев назад

awesomeQA · Accepted Answer

awesomeQA

The increase in volume with fewer Unique Active Wallets and transactions suggests that the transactions that are taking place are larger in value. Volume measures the total dollar value of transactions during a certain period [1]. Generated using AwesomeQA AI

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10 месяцев назад

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