2. Analytics Unit: Traction
Venture-backed company with over 110 clients that are currently distributing its data under different
integration models.
Additionally, ITB works with several top hedge funds in the creation of intelligent quant strategies
FINTECH AND
NEWS SITES
WALLETS
DATA
PROVIDERS
ITB Notable Partners (list not exhaustive)
OTHEREXCHANGES
12. 12
VOLUME
The number of transactions is becoming a
strong indicator of the momentum in
Ethereum
13. 13
Variations in Number of Transactions and Prices are
Getting Less Correlated Which is a Healthy Sign
R-squared for ETH’s Price vs. Number of Transactions
2017 2018 2019 2020*
0.910 0.709 0.581 0.579
28. 28
Some Important Things to Remember When Evaluating
Ethereum OnChain Transaction Data
Onchain Transaction Volume is not a Predictor of Price
Ethereum price mostly dependent on activity in centralized exchanges
Context Matter
Type of transaction, protocol, wallet type, etc. are aspects that help qualify transactions
Ethereum 2 will Change Things
PoS and other architecture changes should influence the way we analyze onchain
transaction activity
43. 43
● Transaction activity is a fundamental indicator of the health of the
Ethereum network
● There are different perspectives to analyze Ethereum transaction data:
volume, size, frequency, geography, entity,
● Some notable factors that have influenced the growth in Ethereum
transaction include DeFi, stablecoins, ChainLink and the CHI token
Summary