Glassnode Review  – Pricing, Metrics, Charts in Overview
Glassnode is a cryptanalysis platform that generates intelligent data by observing on-chain indicators, i.e., information gotten from the blockchains themselves. It was founded in Germany in 2018 and had its headquarters in Zug, Switzerland.
A valuable tool in the crypto sphere, it helps individuals stay level-headed even amidst the turbulent waters of crypto trading. It also helps blockchain teams with qualitative insights on their projects and tokens.
In this article, we will learn about its various features, its pros and cons, and some alternatives.
The Glassnode studio is a comprehensive studio that acts as the powerhouse of glassnode’s entire arsenal. Here, you can get access to a categorized list of all the main metrics, each of them focusing on a particular aspect of the crypto world.
The studio contains metrics for addresses, derivatives, entities, exchanges, lifespan, miners, OTC desks, profit and loss ratios, markets, unspent/spent outputs, volume, ratios, institutions, etc., with more detailed examples when you click on them.
For example, if you click under ‘addresses,’ you will be introduced to 38 new metrics under that subsection, making it easier for you to pinpoint what exactly you’re looking at. Metrics like sending addresses, receiving addresses, addresses with a balance greater than $100k, new addresses, etc., make it easier to find customized information for research purposes.
These are well-researched articles drawn from actionable intel from the blockchain data itself. They are often technical and may be difficult for someone just getting acquainted with the crypto world to understand. However, for those who know their way around the crypto world to an extent, this tool is a source of informative goodness.
There are currently six sections under the insights in the Glassnode website. There is a newsletter section that is updated weekly for every week of the year and an insights section providing professional viewpoints into specific topics, an analysis section, a reports section, a products section, and a DeFi section.
The Glassnode academy is an education platform for both early adopters and newbies to get acquainted with the goings-on in the crypto world. It offers a qualitative explanation of various on-chain metrics as well as their different functions and use cases.
The section starts with a glossary of on-chain terms. It goes on to include articles about unspent transaction outputs(UTXOs), supply metrics, indicators, concepts, and marks, with 21 articles in all.
The Glassnode platform is blessed with a very comprehensive library of metrics that make it one of the best in the world of crypto analytics. The metrics are divided into three tiers, with more detailed information as you go up to tier levels. Examples of metrics under each tier are:
- Tier 1: Active addresses, block height, sending addresses, block size, blocks mined, unspent transaction outputs(UTXO), new deposits, etc.
- Tier 2: Addresses with specific native balances(e.g., more than 1 BTC, etc.), DeFi Total Value Locked(TVL), Futures open interest, futures volume, exchange balances, coin years destroyed, liveliness, etc.
- Tier 3: Addresses with specific dollar balances(e.g., more than $10k, etc.), supply held, withdrawing addresses, miner balance, new entities, unspent miner supply, SOPR(spent output profit ratio), etc.
TOP TEN ON-CHAIN INDICATORS IN GLASSNODE
The MVRV ratio is a ratio of the market value of a coin to its realized value. It’s a valuable tool that, when combined with other metrics, can accurately predict market tops and bottoms.
For example, when this value is high, that is an indication that the coin is overbought, indicating a potential market top. On the other hand, when it is low, it may mean a coin is oversold, showing a possible market bottom.
Coin days destroyed
This metric measures the activity of older investors whose coins have laid dormant for some time. It is gotten by multiplying the coins that moved out of a wallet by the number of days it had remained static in the wallet. Analyzing this metric can reveal when whales are about to sell, thereby inspiring a profit-taking period.
This is the ratio of the long-term holders of a coin to its short-term holders. This metric helps us know who exactly is selling and whether there is cause for panic or not.
This metric is used to determine if a coin still has some steam left in it after a recent run upwards or if it might be time to exit the market and take profit.
SOPR (Spent Output Profit Ratio)
It is another market indicator that shows the profit/loss ratio of coins moved from their addresses
Stock to Flow ratio
The stock to flow ratio of a coin is the ratio of the new supply to the existing supply. It is usually used to predict the price of a currency and has proven to be one of the most accurate methods of doing that.
The Bitcoin volatility index is only available to those who have subscribed to an advanced plan. It measures the volatility of bitcoin to determine settlement prices for bitcoin volatility futures.
NVT(Network Value to Transaction ratio)
It is an indicator that establishes the ratio between the transfer volume of a coin and its market cap. It helps determine if a currency is overvalued or underpriced.
The Bitcoin difficulty ribbon is a graph depicting the difficulty of mining Bitcoin. It is used to know when it’s best to buy Bitcoin.
This indicator is also important as it shows if/when people are ready to buy crypto with stablecoins.
VARIOUS CHART METRICS
As mentioned earlier, there are hundreds of chart metrics on Glassnode divided into three tiers, with the higher tier being more detailed than the one before it.
Another exciting feature of Glassnode is that you can create your own customized portion of the studio. By using a dashboard to organize your favorite coins and metrics according to preference, you make it easier to find what you’re looking for when you come back next time.
Here, you can combine the metrics for two or more crypto assets and create an over-layered chart for them
It’s a beta program where you can integrate your TradingView pro chart editor with thee Glassnode studio, opening the doors to further editing tools and metrics
There are two paid plans on Glassnode. The first is for $39 monthly(or $29 if you pay yearly), while the second and most advanced is for $799 monthly(or $699 if paid yearly).
There is no doubt that Glassnode is one of the most comprehensive data analysis tools for crypto available. It has practically everything you need to know to make logical trade decisions. Hopefully, this article has shown you if it is for you or not. If you don’t like it, check the list of alternatives at the end of this article.
- It doesn’t come with a watchlist
- There is no alert system
- It could be too technical for beginners to understand.
It was founded in Korea in 2018 and is an equally comprehensive source of crypto analytics data. It offers quick takes in place of insights and an alert system that works on telegram, browser, and email. Also, it has three paid plans($29, $99, and $699). Here is a full Cryptoquant review.
INTO THE BLOCK
It is an AI-based analytics platform that offers price prediction services, DeFi analytics, and market analytics. It’s much cheaper than the others as it comes with only one plan – $10 monthly or $8.33 if paid yearly. It doesn’t come with a free plan but offers a 7-day free period before charging the customer’s account. Subscription can be done in either fiat or crypto.
Messari is a crypto data analysis platform created in New York in 2018. It employs charts, watchlists, screeners, and reports to produce qualitative data to guide investors in decision-making. There is a seven-day free trial period after which users will choose whether to go with a $29.99 monthly plan for individuals or a $1,125 monthly plan for enterprises. Payment can be made in USD or crypto.
FREQUENTLY ASKED QUESTIONS
- ✅ It gives detailed analytical data for research purposes
- ✅ It has a customizable interface with editable charts
- ✅ It provides comprehensive education on crypto terms for its users
- ✅ Coins can be compared with graphs superimposed
- ✅ It supports many crypto assets.
- ❌ It doesn't come with a watchlist
- ❌ There is no alert system
- ❌ It could be too technical for beginners to understand.
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