This calculation, which is often overlooked, tells a lot about blockchain activity
There are a number of analytics available that can assess the strength of blockchain network activity, but there is one calculation that can be overlooked: developer activity.
“You can measure blockchain growth in different ways,” said an Altcoin Buzz article. “Popular calculations are the number of users, TVL or number of transactions. And in fact, you can get a lot of information from these statistics. However, developer activity is another factor to look for.”
Just as the stock market needs the volume of active buyers and sellers, the blockchain network depends on developer activity to thrive. Using this calculation, investors in exchange traded funds (ETFs) can add this to their arsenal of tools when assessing a potential investment fund.
“A blockchain that lacks developers will simply not grow,” the article added. “As a result, developer activity is one of the most important factors for blockchain growth.”
Continuing previous thread …
1 / We have long argued that developer activity is one of the leading indicators of a blockchain’s health, since more developers lead to more products, and more products lead to more users. #bitcoinnews #Crypto #Cryptoney units #TheMerge
– Bitcoin Market Journal (@BitcoinMktJrnl) July 8, 2022
Diversified, blockchain exposure in 1 ETF
Blockchain-focused ETFs can give investors exposure to blockchain opportunities via a dynamic and diversified investment vehicle by using an active management strategy that can reduce risk, which is something to keep in mind for hesitant investors. A fund that can do all this is Amplify Transformational Data Sharing ETF (BLOK).
With 49 holdings as of July 11, BLOK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves. As mentioned, BLOK is actively managed, invests in companies that cooperate with or invest directly in companies that use and develop blockchain technology, which is the technology behind cryptocurrencies such as bitcoin.
Features of BLOK per product site:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- Active management approach that can enable the fund to remain flexible, make timely decisions and identify companies that are best positioned to serve in the evolving blockchain technology area.
- Convenience and transparency for the ETF structure.
For more news, information and strategy, visit Cryptocanal.
