Getting consistent, well defined, and thus useful metrics is challenging. I’d like to take steps to address this if the community agrees and encourages it. Problem Statement Blockchains are incredibly transparent but lack visibility in many areas. For example, anyone can view the activity of any ad…

Having clearly defined metric definitions is super valuable to each chain’s community (devs, token holders, investors). We strongly believe its essential that parachains monitor these metrics on a regular basis to decide whether its ecosystem is healthy + growing, and is sustainable, and that Polka…

Well said. I think a good starting point is to work together to define a few of these metrics for some parachains, set a best practice, then start doing the same for other decentralized ecosystems and compare to CeFi.

Second this. We at SubWallet and Dotinsights are seeking solutions to this too. I strongly support having a standardized set of metrics in terms of definition. Not sure if all the teams working on data can get together and discuss?

Some have suggested a telegram channel. I just created one to get things started. TG might not be the best long term. We will still use this forum for the main dialog.

Hey Nate, thanks for kickstarting this important discussion; we from the Data Team in Parity think it’s a step in the right direction because we care very much about precision, consistency, transparency and eco-wide consensus when it comes to key ecosystem metrics. We have come very far in building…

I am giving it a first try: Definitions Transactions: Any type of transaction as defined by Substrate in the Substrate Docs . This includes signed, unsigned and inherent transactions Extrinsic: A transaction originating from outside the chain. This includes signed and unsigned transactions, but exc…

I like your breakdown. Couple questions: Would Active Addresses be synonymous with Active Users? Active Users is a subset of Active Accounts correct? As for the passive accounts/users, maybe it remains a work in progress for now and eventually becomes more defined (collecting thoughts here is at …

hi all, This is Hao from Web3Go team. We are working on data analysis for Polkadot ecosystem. please take a look at what we have done for Moonbeam: https://app.web3go.xyz/#/MoonbeamPublicDashboard Happy to join!

Hi @dataPhysicist @djhatrang and everyone here, Thank you for the invitation and mentioning Subscan. It was a great pleasure to participate in the discussion. This is an excellent topic! Defining a data standard is of immense significance to the data statistics and analysis of the entire Substrate …

This thing about passive balance changes counting as active accounts is that accounts can be recipients of several kinds of changes, e.g. state migrations, airdrops, payouts etc… since it is passive, I wonder if it really should be counted as active action. This is why I suggested “Accounts” to sum…

All metrics are imperfect, but many are useful. Let's make them more available

Ecosystem

dataPhysicist April 24, 2023, 11:58am 15

The proposed solution has been implemented. The goal is to get feedback and measure engagement, check it out at web3metrics.com.

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All metrics are imperfect, but many are useful. Let's make them more available

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