Consistent with our goal of becoming the front page of crypto, we have rolled out a slate of new features to help readers stay informed with accurate and reliable crypto data. We are proud to introduce proprietary sector data, trusted volume, and network value to transaction (NVT) ratios for hundreds of crypto assets.
CryptoSlate’s mission has always been to deliver original journalism and real-time data in ways that enhance people’s understanding of the crypto market. Over the last month, we have made tremendous progress in overhauling the CryptoSlate.com experience, including a complete rebuild of our front page and coins pages.
One of the deficiencies we see in blockchain-based applications today is, on average, lackluster user experience. We have decided to combat the trend with a best-in-industry website that’s functional and easy to use across all devices.
And, today, we’re announcing the launch of three new features.
Since its inception, CryptoSlate has manually collected thousands of data points on over 2,100 coins, including:
- Technical information (such as algorithm, consensus, staking rewards, etc.)
- Project founders information (with links to Twitter, GitHub and LinkedIn profiles)
- Whitepaper and block explorer links
- Project social media links
We have integrated this data into our coins pages to help people access all the information about a project in one place.
Leveraging this huge body of data, we have launched a feature unique to crypto-journalism websites: sectors data.
We sorted our database of 2,100 coins into over 50 discrete sectors—collections of cryptos that share similar properties—so readers can more easily identify trends and growth in different areas in the blockchain space.
Now, readers can quickly compare growth and adoption in different areas of blockchain has never been easier. We have created new metrics such as:
- Sector dominance – a percentage share of the overall crypto market
- Sector price movement – weighted averages for price movement across 24 hours and 7 day periods
- Sector daily volume – aggregated reported volume for all cryptos in a given sector
In addition to sector data, CryptoSlate has partnered with OpenMarketCap to provide users not only with reported market volume but also trusted 24-hour volume. Real trading volume has become even more important in light of Bitwise’s report showing that 95 percent of reported exchange volume is the product of wash trading.
Trusted Volume calculates volume only from reputable crypto exchanges without fake volumes, all of which are considered to list accurate trading volumes.
Now, readers can easily access these metrics for evaluating projects on CryptoSlate.
Another useful metric we’ve introduced is the Network Value to Transaction (NVT) ratio.
The Network Value to Transactions (NVT) ratio calculates the dollar value of crypto transaction activity relative to the network value.
When a coin’s NVT is high, it indicates that the project’s market valuation outstrips the USD value transmitted over the network. Keep in mind that this is a simplistic metric that does not take into account second-layer solutions or sidechains used for processing transactions. As such, the metric is best used in conjunction with other data.Filed Under: Seattle, Announcement
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.