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Deriving Market Insights
Using the Tier 1 on-chain data collected, we can generate Tier 2 and Tier 3 market insights that are unique to Alphalytics.
Tier 1: Transfer Events, Daily Holder Balance, Inflows & Outflows
Tier 2: Top Holders, Top Movers
Tier 3: Concentration Index, Elite Entity Cohorts
To ensure our data is accurate as possible, we exclude all unqualified addresses. Unqualified addresses include the following:
- Contracts - tokens held by contracts are usually locked, therefore they will not affect the token price.
- Exchanges - due to the limited visibility of token activity, coupled with all the different variables that exist with exchanges, including exchange data to our calculations would generate inaccurate results.
Another method we use to ensure accurate data collection is by implementing a procedure called “cut tail”. This helps us trims contract addresses and wallet addresses that may otherwise negatively affect our data.
Here is a simple table detailing the category of wallets we remove, and why:
Category | Reason for removal |
|---|---|
Top 1% of Holders | These addresses mainly hold tokens that are locked or not in circulating supply. |
Bottom 1% of Holders | Many addresses have negligible amounts of tokens leftover after making a trade. And while these wallets technically still hold the token, they should not be considered in our calculations. |
After conducting a considerable number of computations, we found that excluding these holders yields much more accurate results.
Our important indicators will be updated daily in units of tokens, as shown in the figure below:
Here is how our Tier 2 & Tier 3 data sets will be displayed:
Date | Token_Address | Concentration Index | Sample Set |
|---|---|---|---|
2022.11.07 | AAVE | 80.66 | Cut min and max of 1% token addresses |
2022.11.07 | UNI | 81.34 | Cut min and max of 1% token addresses |
2022.11.07 | AAVE | 80.68 | Delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.07 | UNI | 81.36 | Delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.07 | AAVE | 97.90 | Both |
2022.11.07 | UNI | 99.29 | Both |
Date | Token_Address | TokenHold_By_ TopHolders | TokenHold_By_ AllHolders | TokenHold_By_ Included_Holders | Sample Set |
|---|---|---|---|---|---|
2022.11.07 | AAVE | 6,211,042 | 16,000,000 | 6,833,693 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.07 | UNI | 527,652,118 | 1,000,000,000 | 544,416,442 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.08 | AAVE | 6,227,552 | 16,000,000 | 6,856,034 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.08 | UNI | 527,652,118 | 1,000,000,000 | 544,553,532 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
Date | Token_Address | TokenHold_By_ InflowEntities | TokenHold_By_ OutflowEntities | TokenHold_By_ AllHolders | TokenHold_By_ IncludedHolders | Sample Set |
|---|---|---|---|---|---|---|
2022.11.07 | AAVE | 3,675,647 | 1,625,064 | 16,000,000 | 6,833,693 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.07 | UNI | 13,503,780 | 18,123,433 | 1,000,000,000 | 544,416,442 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.08 | AAVE | 3,699,942 | 16,681,088 | 16,000,000 | 6,856,034 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
2022.11.08 | UNI | 13,396,519 | 1,625,064 | 1,000,000,000 | 657,907,051 | Cut min and max of 1% token addresses and delete unqualified accounts ( ex : CEX、Contracts） |
Last modified 9mo ago