Coin Metrics Deepens Coverage for Ethereum Beacon Chain Metrics

Generate Detailed Insights

The world of cryptocurrency and blockchain is as exciting as it is mysterious. Every day, countless transactions and interactions occur within this digital ecosystem, leaving traces and data points that can be difficult to decipher and often generate data at a frequency that is hard to manage. When trying to analyze these data points, choices are often limited to the most coarse level of data, aggregated at a 1 day frequency, or the most granular level, presented at a 1 block frequency. While both are important and provide unique insights they do not easily lend themselves to intraday analysis. Coin Metrics is excited to announce the expansion of our 1 hour Network Data Metrics, now covering an expanded metric set for the Ethereum Beacon Chain (Consensus Layer).

A granular look at ETH Staking Activities

Since transitioning from Proof of Work (PoW) to Proof of Stake (PoS) during the Merge, Ethereum consensus, the manner in which the valid state of the network is determined, has shifted dramatically, requiring a new set of metrics to capture validator activity as well as rewards and penalties paid to validators. With this latest release we are expanding the capabilities for our real time Network Data Pro clients to effectively monitor Ethereum’s consensus health.

By offering our Network Data Metrics at a 1 hour frequency, in addition to 1 block and 1 day cadences, Coin Metrics is enabling its clients to create holistic analysis at the frequency that is right for your use case. 1 hour metrics allow clients to more effectively and efficiently analyze intra day trends. By increasing precision while still offering the benefits of aggregated metrics, 1 hour metrics allow clients to easily query longer periods of time and create actionable and interesting insights based on on-chain data.

As part of this release we are offering our existing real time Network Data clients access to a set of metrics at a 1h frequency that were previously offered at a 1 day frequency.  

In this release Coin Metrics is expanding coverage for the ethereum consensus layer by an additional 20 metrics at the 1h frequency.

Why these metrics matter:

  • Real time/intra day analysis is currently only possible with metrics from the previous day or at a 1 block frequency
  • Allows for a tradeoff between the most granular data (1 block) and the most broad data (1 day) for more precise and efficient analysis

Details:

Endpoint: /timeseries/asset-metrics?assets=eth_cl?&frequency=1h&metrics=[List of metrics]

Metrics added to 1h frequency:

# METRIC METRIC NAME # METRIC METRIC NAME
1 IssContNtv Coinbase Issuance 11 ValidatorActExtCnt Active Exiting Validators
2 IssFullParticipation Full Participation Issuance 12 ValidatorActOngCnt Active Validators
3 IssTotNtv Total Issuance 13 ValidatorActSlhCnt Slashed Validators
4 PenaltyNtv Penalty Amounts 14 ValidatorAddCnt1d Daily Added Validators
5 SlashedNtv Slashed Amounts 15 ValidatorCnt Validator Count
6 SplyStkedNtv Supply Staked in Validators 16 ValidatorExtSlhCnt Inactive Ineligible Validators
7 SplyActStkedNtv Active Staking Supply 17 ValidatorExtUnslhCnt Inactive Eligible Validators
8 SplyTotStkedNtv Total Staked Supply 18 ValidatorPndInitCnt Validators Pending Eligibility
9 StkDepositTotNtv Deposits to Consensus Layer 19 ValidatorPndQedCnt Validators in Activation Queue
10 StkWithdrawTotNtv Withdrawals from Consensus Layer 20 ValidatorRemCnt1d Daily Removed Validators

 

To learn about this endpoint and the functionality, please visit our data encyclopedia at: https://docs.coinmetrics.io/network-data/network-data-overview 

 

How can you stay updated? 

At Coin Metrics we are constantly innovating and releasing new data and insights. In addition to Email and Slack, you can keep updated through the following channels:

Coin Metrics Announcements

State of the Network

X (Formerly Twitter)

LinkedIn

More

LinkedIn
X.com
Telegram
Email