Runs On Radix Q&A: RadixCharts | The Radix Blog | Radix DLT
Whether you’re a crypto native looking to follow a growing ecosystem, a developer eager to follow the trends on smart contracts deployed, or a project manager craving insights on staking stats, understanding the metrics that drive a blockchain network is indispensable.
Enter RadixCharts—an analytics platform fashioned to be your go-to resource for all metrics related to the Radix network.
What RadixCharts Offers
The Blockchain analytics landscape is bustling, but for those committed to the Radix ecosystem, RadixCharts offers comprehensive, specialized data sets that include real-time metrics on token prices, transaction volumes, staking stats, and even social media activity related to Radix.
Whether a Radix novice or a seasoned expert, the platform serves your informational needs with data tailored to various users.
The Utility of Specific Metrics
Total Value Locked (TVL)
One of the key metrics RadixCharts offers is the Total Value Locked (TVL) in the Radix network. TVL is a strong indicator of the network’s overall health and the level of trust that users have. A growing TVL suggests that more assets are being moved to Radix, indicating increased usage and adoption.
XRD Staking and Unstaking
Staking metrics are vital for understanding network security and confidence. How much XRD is being staked or unstaked can reveal a lot about the community’s long-term belief in the project and willingness to participate in securing the network via Proof of Stake.
Smart Contracts Deployed
The number of smart contracts deployed directly indicates developer activity on the network. A thriving developer ecosystem often translates to more robust, diverse services and applications, attracting more users to the network.
The ecosystem ranking feature that is yet to launch will be especially useful for tokenholders to gauge the standing of their favorite project relative to other projects on the Radix network. Ecosystem Rankings will give users an instant snapshot of how well the project is performing in the wider ecosystem, providing additional context for token holders and developers.
Validator Insights for Intelligent Staking
Another feature that RadixCharts offers is its detailed list of network validators. For those interested in staking their XRD, choosing the validators is crucial to ensure adequate security for the network. RadixCharts provides intricate data on each validator’s performance, uptime, and other vital statistics. This feature lets users decide where to stake their XRD, contributing to a more secure network. In a next version this will be extended by the individual benefits each Validator provides, i.e. airdrops or other incentives for the delegators.
The Problem RadixCharts Solves
RadixCharts deciphers the Radix network ledger and transforms it into easily digestible, engaging, and understandable information. Helping users explore and understand the Radix ecosystem.
Transitioning to Babylon
The Babylon data structure is vastly more intricate than its predecessor, Olympia. To ensure data accuracy, the RadixCharts team is adopting a phased release strategy for Babylon data sets to ensure data accuracy, enabling ongoing validation and refinement. There will be a phased release of new features over the next few months.
To guarantee its longevity, RadixCharts is launching a paid API service in collaboration with RadixScan. This new API will offer exclusive endpoints for other projects, adding another layer of utility and information to the Radix ecosystem.
Upcoming Features: Token and NFT Dashboards
Looking ahead, RadixCharts has plans to further expand its offerings by launching a comprehensive dashboard focused explicitly on individual tokens and NFT projects within the Radix ecosystem.
This will provide a more granular look at these projects, offering insights that could be invaluable for investors, developers, and Radix enthusiasts. By incorporating these specialized dashboards, RadixCharts aims to be the definitive resource for anyone looking to deepen their understanding of the multifaceted Radix network.
All information about RadixCharts was provided by the RadixCharts team and has not been verified by Radix Publishing, RDX Works, or their associated companies.