Chainbeat, a web 3.0 and blockchain analytics platform, has announced the next phase of its evolution with the launch of Chainbeat v2.0. Chainbeat launched last year with support for Ethereum and then became multi-platform with support for RSK, xDAI, and PoA.

Version 2.0

For v2.0, Chainbeat refined platform features and introduced new metrics for the blockchains supported. Metrics that convey the health of an ecosystem are becoming similar to understanding the health of any business. Questions like the ones below are most relevant to blockchain apps and protocols:

How many new users have we added last month?

Are people coming back to use the protocol?

What does the retention of users look like?

Which feature is the most popular in the DApp?

In addition to focusing on transaction metrics, Chainbeat is introducing new metrics that answer the above questions; with a focus on users (new, retention, active), enhanced token metrics (daily ins & outs, detailed transactions), and market metrics (pricing, volume).

However, the feature Chainbeat is most excited about introducing to users is the brand new Chainbeat Overview.

Thee key aspects of the underlying smart contract or wallet address is detailed with Chainbeat Overview:

System Activity: What is happening in the smart contract?

What is happening in the smart contract? User Activity: Who and how are they interacting with the smart contract?

Who and how are they interacting with the smart contract? Token Activity: How are the underlying economics of the smart contract functioning?

Each activity has certain metrics that probe into the details of the underlying smart contract over a pre-selected timeframe. This timeframe is auto-selected based on the overall activity of the smart contract. If a certain metric needs further investigation; all one has to do is click on it and they will be directed to a reports page to further investigate the details.

“Chainbeat v2.0 is a fresh take on revealing brand new insights and metrics for all the new and existing blockchain projects. Obviously, we have only covered certain key highlights from this release in this post but there is so much more including new market data like pricing and token volumes that provide new insights when you pair with existing metrics.”

– The Chainbeat team