Transaction count and volume

What is the Transaction count?

The number of transactions of a particular crypto in the last 24h.

Why is the Transaction count important?

Number of transactions indicator can show the overall activity and liquidity of a cryptocurrency. An increase in the number of transactions is usually a positive sign, since in this case the liquidity of the coin increases and often its price.  Decreasing the number of transactions has the opposite effect.

What is the Transaction volume?

The aggregate volume of transactions of a particular crypto recorded on-chain (on supported networks) in native units.

Why is the Transaction volume important?

Transaction volume represents the overall activity of a market and is treated as a fundamental indicator. Investors can use transaction volume to identify an emerging or growing trend, or a trend reversal.

Transaction volume can also help an investor determine the liquidity of a coin. A higher value of transaction volume usually indicates a higher level of adoption of this cryptocurrency among investors.

Data source

Metrics displayed across crypto fundamentals are powered by third-party data providers, which may include Glassnode, Coinmetrics, LunarCrush, and DefiLlama. The specific provider or combination of providers behind any given metric may vary.