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: