Crypto metrics are essential indicators that help investors & traders understand the performance & potential of blockchain tokens.
In previous posts, we covered Supply Metrics, Capitalization Metrics, Volume metrics, Price metrics, and Decentralized Finance (DeFi) metrics. In this post, we cover Staking & Mining Metrics.
The important Staking metrics are:
Annualized Staking Yield
Real Annualized Staking Yield
Tokens Staking
Percentage Network Staking
Staking Minimum
The important Mining metrics are:
Hash Rate
Percentage on Nicehash
Attack Cost (1H)
Attack Cost (24H)
Next Halving Date
Staking Metrics
1. Annualized Staking Yield
Annualized Staking Yield represents the projected or estimated yield earned by staking tokens over a one-year period.
It is a measure of the return on investment (ROI) for staking activities. Staking involves locking or holding tokens in a blockchain network to support its operations and secure the network.
Staking rewards can be in the form of additional tokens or a percentage of transaction fees. Annualized Staking Yield helps investors and users assess the potential earnings they can expect from staking their tokens over a longer timeframe.
2. Real Annualized Staking Yield
Real Annualized Staking Yield refers to the actual or realized yield earned by staking tokens over a one-year period.
It is the yield that has been earned and received by stakers during the specified timeframe. Real Annualized Staking Yield takes into account any fluctuations or changes in staking rewards and provides a more accurate reflection of the actual returns from staking activities.
3. Tokens Staking
Tokens Staking represents the number of tokens that are currently being staked within a blockchain network or staking platform.
Staked tokens are typically locked for a certain period and cannot be freely traded or transferred during the staking period. The number of tokens staked provides insight into the level of participation and engagement of token holders in the staking process.
4. Percentage Network Staking
Percentage Network Staking represents the proportion of total tokens in circulation that are currently being staked within a blockchain network.
It is calculated by dividing the total number of tokens staked by the total supply of tokens.
This metric helps gauge the level of network security and decentralization, as higher levels of staked tokens indicate a stronger network with a larger portion of tokens being actively used for securing the network.
5. Staking Minimum
Staking Minimum refers to the minimum number of tokens required to participate in the staking process.
Some blockchain networks or staking platforms set a minimum threshold that users must meet to be eligible for staking rewards. The staking minimum ensures that participants meet certain criteria and have a sufficient stake in the network to contribute effectively.
Mining Metrics
1. Hash Rate
Hash Rate refers to the computational power or processing speed of a blockchain network or cryptocurrency mining operation.
It measures the number of hashes (calculations) a network can perform per second. A higher hash rate indicates a more secure and robust network, as it requires more computational power to successfully mine new blocks or perform cryptographic operations.
The hash rate is often measured in hashes per second (H/s), kilohashes per second (KH/s), megahashes per second (MH/s), or even terahashes per second (TH/s) for more powerful networks.
2. Percentage on NiceHash
Nicehash is a popular marketplace that connects sellers (miners) of hashing power with buyers who need it for various purposes.
Percentage on Nicehash represents the portion of the overall hash rate of a particular cryptocurrency network that is being rented or contributed through the Nicehash platform.
The percentage on Nicehash provides insight into the extent to which miners are utilizing the Nicehash platform to monetize their hashing power.
3. Attack Cost (1H)
Attack Cost (1H) refers to the estimated cost required to perform a 51% attack on a blockchain network for a duration of one hour.
A 51% attack refers to a scenario where a malicious entity or group gains control over the majority (51% or more) of the network's total hash rate.
This control allows the attacker to potentially manipulate transactions, double-spend coins, or disrupt the network's operations.
Attack Cost (1H) helps assess the security and resilience of a blockchain network, as a higher cost makes it more expensive and difficult to carry out such an attack.
4. Attack Cost (24H)
Attack Cost (24H): Attack Cost (24H) represents the estimated cost required to perform a 51% attack on a blockchain network for a duration of 24 hours.
Similar to Attack Cost (1H), this metric helps gauge the security and resilience of a network by considering the cost of sustaining a majority control over the network's hash rate for a longer period.
5. Next Halving Date
The Next Halving Date refers to the anticipated date when the block reward for miners is reduced by half in a blockchain network that undergoes periodic halving events.
Halving events are programmed into certain cryptocurrencies, such as Bitcoin, to control the issuance rate and create scarcity over time.
The Next Halving Date is significant for miners and investors as it can impact the mining economics and potentially affect the supply and demand dynamics of the cryptocurrency.