In this article, Glassnode review, we’re willing to look at Glassnode as one of the best on-chain data providers.
On-chain data is verified by miners, either PoS miners or PoW miners. Such accurate information shows how the market is moving. Furthermore, traders can predict prices, and accordingly, they can make better trading decisions.
Many platforms specialize in gathering on-chain data and charts it as metrics. Glassnode managed to perform such a complicated job successfully. Also, Glassnode has various metrics you wouldn’t have considered before, like UTXO value, Entity-Adjusted MSOL, and more.
It has different unique metrics, and Glassnode also has over ten years of data to help traders recognize repeated patterns; thus, they can apply the best possible strategies to their trading decisions.
Table of Contents
About Glassnode.
Glassnode brings data intelligence to the blockchain and cryptocurrency space. Furthermore, Glassnode builds applications that provide new insights into blockchains and cryptocurrencies by focusing on the room’s most critical input source: data from the blockchains.
Also Read: Best Automated Crypto Trading Bots.
Glassnode Features.
Glassnode features many useful tools and functions, and during our Glassnode review, we found Glassnode worthy of the excellent reputation it has gained recently.
On-Chain Market Indicators.
Glassnode’s on-chain indicators will allow you to overview what’s happening on the chain to understand better how the market is moving.
You can see different on-chain market indicators for other coins like market cap, addresses, On-Chain Exchange Activity, and more on your home page.
Also, clicking on any metric, like active addresses or hash rate, gives you a detailed chart for that specific metric.
Various Charts Metrics.
Glassnode has over 200 categorized charted metrics with over ten years of data. Furthermore, you can favorite any of them to check on later.
Multiple Dashboards.
You can create your dashboard to view what you care about the most. You can create a dashboard for any of the supported coins. Furthermore, you can add your preferred metrics to the dashboard.
Comparing Coins.
Considering how many assets are supported and how many metrics are available for each, Glassnode also allows you to compare different metrics for different coins to get an overlayered chart containing both metrics.
Comparing charts will help you swap coins because your decision will be based on knowledge from comparing both coins with precise metrics.
TradingView Integration.
You can have your TradingView charts editor inside your Glassnode Studio with almost all analysis tools available on TradingView. Moreover, you can edit charts and change indicators and candles. However, it’s still beta.
Pricing.
Glassnode prices are very competitive, with three plans: Standard, Advanced at $29, and Professional at $799. You can choose your plan and create your account here.
Conclusion.
Glassnode is a comprehensive on-chain data provider for both assets with either Proof of Stake or Proof of Work validating methods.
With that in mind, here’s Glassnode’s pros and cons.
Pros.
- An enormous number of metrics.
- Accurate on-chain data.
- Supports many assets.
Cons.
- Doesn’t have a watchlist.
- Doesn’t have alerts.
Glassnode Comparison and Alternatives Options.
If you don’t like Glassnode, we offer you various alternatives you can check. Also, we’ve reviewed them; check the reviews to get a better idea.
Sanbase is a comprehensive market intelligence platform for cryptocurrencies, focusing on clean and reliable data feeds, low-latency signals, and custom market analysis and leveraging on-chain, social, development, and other data sources.
CryptoQuant delivers market and on-chain data via API or directly into Python, R, Excel, and many other tools. Save time and money by getting the data you need in your desired format.
A social media, a charts analysis platform, and a mobile app. The company was founded in 2011, and now, every trader or investor needs to get started with TrandingView.
Glassnode brings data intelligence to the blockchain and cryptocurrency space. Glassnode builds applications that provide new ways of delivering insights into blockchains and cryptocurrencies.
Coinfeeds is a social aggregator for DeFi projects. Twitter, Reddit, Github, and Discord data are used to analyze sentiment and connections with AI technology. This provides valuable insights into the cryptocurrency landscape and improves user understanding.
Finally, we’d love to chat with you in the comments, so tell us what you think of this Glassnode review.
WARNING about Glassnode – With the $29 / Month advanced plan the majority of the metrics that you will want to use are almost useless because these metrics only plot back on the chart for the past 1 month. And since On-chain analysis is more for longer time frames the metrics plotted on the chart does not go back far enough for comparison or for the metric to be useful.
Definitely check this out and only pay for one month to try it out, Don’t buy for the full year until you try it out and see what i mean. If you buy for 1 year you will save $10 per month which gets it down to $29/month. but try it out for 1st month before you commit.
Its understandable that with the lower tier “Advanced” plan you won’t get all the really advanced metrics which is fair at this cheaper price point. But the most popular metrics included with this plan only plots on charts for the last 30 days and quite useless for the majority of your charting.
They are making a big mistake to limit the historical plotting of the metrics on our charts. I left and had to go to their competition, which basically has the same metrics and same plans, but they don’t have the historical/time limitations for the most popular metrics in their $29/month plan.
Thanks for this deep dive article, I would recommend to check out Zerobloks as a good alternative to Glassnode for Bitcoin