Glassnode is a leading platform for on-chain data analysis. Whether you’re a retail investor, professional trader, analyst or researcher, Glassnode can help you to make decisions in the field of cryptocurrencies.
The functionalities offered represent a real treasure trove for those seeking to understand and anticipate market trends and opportunities. In this article, we’ll give you an overview of the platform and show you a few examples of how to use it, so that you can get to grips with it without any problems!
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Glassnode overview
Our services
Glassnode is one of the industry’s leading platforms forexploit and analyze data from the Bitcoin and Ethereum blockchains. These tools can provide an almost holistic view of the market, as there is so much information available.
The platform offers 2 main products:
- Glassnode Studio : this « studio » allows users to explore the Bitcoin, Litecoin and Ethereum blockchains (and ERC-20 tokens) with over 300 indicators displayable on various graphs (number of active addresses, hash rate, transaction volume, market sentiment, etc.).
- Glassnode Insight Glassnode Insight: in-depth analysis and research by a team of experts, available to all. You can receive new articles directly to your inbox by registering on their site. Since 2021, a weekly podcast « The Week On-chain » has been accessible, summarizing key market trends and events.
History of the platform
Glassnode was born in 2017 under the impetus of 2 mechanical engineers with a passion for cryptocurrencies, Jan Happel and Yann Allemann (formerly with Ferrari) and Rafael Schultze-Kraftdatabase expert.
The company is based in Zug, Switzerland.
It launched Glassnode Studio in 2018, initially focused on Bitcoin, before extending it to Ethereum and related tokens as well as Litecoin. Glassnode Insightwas the second product to appear in 2019. In 2021, the weekly podcast » The Week On-chain « was added.
In 2022, the company acquiredAccointing to complete its offering. This is a crypto portfolio tracking and tax return generation tool, to assist investors with their tax returns.
The platform is in continuous improvementwith more and more indicators available (financial, institutional, social…). By 2023, it will be used by over a million people every month, and will have processed over 500 billion on-chain transactions since its launch.
Their analyses are followed and approved by numerous individual, professional and institutional investors.
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Overview of Glassnode features
The platform offers 3 versions which give access to an increasing number of indicators according to their price:
- the version free provides access to around 70 indicators (preceded by the index T1)
- The version advancedFrom US$29 per month, you can consult all indicators preceded by the index T2
- The version professional costs US$799 per month and renders all indicators T3 available at
Glassnode Insight is freeand articles can be accessed from the tab bearing its name.
Home page
To be able to use the platform, you must first create an account using the « Start free trial » button (1). Simply enter your name and email address.
The tabs in (2) allow you to navigate between the various functions on offer.
In part (3) you’ll find quick accesses according to your preferences and navigation, as well as a list of the latest product enhancements by scrolling down.
Graphics
Accessible via the » Chart If you select « Chart » in section (1), you’ll be able to display the charts linked to the data proposed in section (2).
Then select the blockchain you’re interested in (3). If you only have the free version, you can apply the « T1 » filter in (4) to see only the metrics to which you have access.
You can configure the graph displayed using the drop-down menus in (5).
Scrolling down the page, you’ll find a description of the selected metrics.
It’s also possible to be notified by email or Telegram if events you’re monitoring occur. To do so, click on « Create Alert » (6) and fill in the information requested in the window that opens (you can only create one alert with the free version).
Dashboards
On the » Dashboard « (1) you’ll find several thematic dashboards designed by Glassnode, categorized in part (2).
They group together different metrics on the same page, to enable rapid analysis of the subject concerned.
If you only have the free version, you won’t see all the data (but you can guess the trends on the curves, as the graphs aren’t too blurred).
If you can’t find what you’re looking for, you can create your own dashboard by clicking on « Create Dashboard » (3).
After naming your dashboard, select the data to be displayed by clicking on « Add » (4). In addition to Glassnode metrics, you can also include Youtube videos. If you’re a content creator or work in a team, you can share the fruits of your labor with the button (5), which allows you to copy the dashboard URL.
The workbench
Accessible from the » Workbench « (1), the workbench lets you create your own graphs and indicators.
As with the previous menus, the metrics proposed by Glassnode are located on the left-hand side of the screen (2). Once you’ve selected the ones you’re interested in, you can add formulas to create all possible indicators.
In the screenshot above, we’ve created a deliberately simple example, designed to show two indicators well known to traders: the Golden Cross and Death Cross on the bitcoin price.
We’ve shared this chart with button (3), so that you can by following this linkto better understand what follows.
When the 50-day moving average (green) crosses above the 200-day moving average (orange), it’s a Golden Cross (often indicating a future price rise (blue)). If it crosses below, it’s a Death Cross (often indicating a future fall in the share price).
To create it, we selected the bitcoin price from the Glassnode metrics using the « Add » button and then the « Metric » choice (4). We then applied a logarithmic scale in the parameters (5).
We then created the 50- and 200-day moving averages by clicking on « Add » and then « Formula » (6). The list of available formulas is displayed in (7) and the syntax to follow is shown by hovering your mouse over the desired formula (8).
Here, we’ve entered :
50-day moving average: sma(m1,50)
200-day moving average: sma(m1,200)
You can zoom in using the time scale below the graph.
If you wish, you can then incorporate your graphs into your dashboards.
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Trading view
In this tab (1), you can use all the indicators integrated into Trading View (2) with all the metrics available on Glassnode (3).
This multiplies the possibilities offered by these two tools.
Pulses
This tab allows users to view indicators related to Bitcoin and Ethereum on-chain data in real time.
The last word
Glassnode is a invaluable tool for anyone interested in the world of cryptocurrencies. We’ve only skimmed the surface here, and we invite you to delve deeper into the platform if you’re interested in technical analysis based on on-chain data.
More information on their products can be found in the » academy « This section includes text and video presentations.
For developers, it’s also possible to retrieve all Glassnode data via an API key, accessible via the HTTPS protocol, which returns data in JSON format.
As usual, we look forward to seeing you next week as we take a look at another DeFi tool. You can also consult the other articles on this series if you missed them, to discover for example Dune, Arkham Intelligence or Defillama.
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