On-chain metrics refer to data that is recorded directly on a blockchain. This includes various indicators that help analyze the activity and health of a blockchain network. Common on-chain metrics include transaction volume, active addresses, and the number of transactions over time. These metrics provide insights into how frequently a cryptocurrency is being used and how engaged its community is. For example, a rising number of active addresses often signals growing interest or adoption. Analyzing on-chain metrics can assist investors, developers, and researchers in making informed decisions. It allows for the tracking of trends and patterns, which can help predict future price movements or network performance. Overall, on-chain metrics serve as a valuable tool for assessing the dynamics and potential of a blockchain ecosystem.