On-Chain Metrics

Reading Bitcoin’s public data honestly: what active addresses, supply, fees and dormancy support, and the claims they cannot carry.

On-Chain Metrics reasoned, not hyped

Active addresses is one of the most-cited on-chain metrics, and one of the most routinely over-interpreted. Here is what it can support as evidence…

Tamika Seeto | 1 Aug 2026 | 2 min read

On-Chain Metrics

Realized cap is a genuinely clever idea — valuing each coin at the price it last moved, not at current spot. It is also built on assumptions that…

Tamika Seeto | 1 Aug 2026 | 2 min read

Bitcoin price $64,165

Fee estimate 1 sat/vB

Hashrate 892 EH/s

Next halving 87,865 blocks

Open the full board

The week’s Bitcoin news, one reasoned take, and the on-chain number that mattered.