How to Analyze On-Chain Data: 5 Key Metrics for Crypto Investors in 2025

Active addresses surge to 1.2 million, indicating strong network growth

Moonchain has achieved a remarkable milestone with its active addresses reaching 1.2 million, demonstrating exceptional network expansion and user engagement. This significant growth mirrors similar patterns observed in established networks like Ethereum, which recently hit a 4-year high in active address count. Network activity metrics serve as critical indicators of blockchain ecosystem health and adoption rates.

The surge in MCH active addresses correlates directly with increasing transaction volumes and broader platform utilization. When examining blockchain network performance across different metrics, we can observe the relationship between active addresses and overall ecosystem strength:

This exponential growth in active addresses indicates Moonchain is gaining significant traction within the decentralized computing and AI sectors. As a BNB Smart Chain token focusing on DePIN (Decentralized Physical Infrastructure Networks) and AI applications, MCH’s expanding user base strengthens its network effects and potential utility value. The robust growth in active addresses demonstrates increasing market confidence despite recent price volatility, positioning Moonchain as an emerging player in the decentralized computing landscape with substantial momentum behind its ecosystem development.

Daily transaction volume reaches $1.35 billion despite 23% price drop

Moonchain (MCH) has demonstrated remarkable market resilience, maintaining a daily transaction volume of $1.35 billion despite experiencing a significant price decline of 23.19% over the past 24 hours. This substantial trading activity indicates strong investor interest and market engagement even during downward price movement, suggesting that MCH retains fundamental appeal beyond short-term price fluctuations.

The contrast between trading volume and price performance reveals interesting market dynamics:

This data pattern typically emerges when a cryptocurrency experiences significant profit-taking after a rapid ascent, yet continues to attract new buyers at lower price levels. MCH’s recent listing across 24 active markets has contributed to this liquidity surge, providing sufficient trading depth despite the price correction. The trading volume increase of nearly 58% during a price drop further underscores that investor activity remains robust, potentially indicating accumulation behavior from institutional or long-term holders who view the current price point as an attractive entry opportunity.

Top 100 wallets control 65% of MCH supply, raising centralization concerns

An alarming concentration of power has emerged within the Moonchain (MCH) ecosystem, as data reveals that just 100 web3 wallets control approximately 65% of the total token supply. This significant centralization raises serious questions about the project’s decentralization claims and potential market manipulation risks.

The distribution imbalance becomes even more concerning when examining the top-tier holders:

Such concentration creates an environment where coordinated actions by major holders could dramatically impact MCH’s price and trading volumes, which recently reached $1.35 billion in 24-hour trading despite a 23.19% price decline. This wealth concentration mirrors issues seen in other blockchain projects where early investors and project insiders maintain disproportionate control.

Regulatory scrutiny may intensify as authorities increasingly examine token distribution patterns for signs of market manipulation. The MCH project, operating on BNB Smart Chain with a total supply of 999,999,999 tokens, might face challenges convincing potential investors of its fair market structure. Historical precedents demonstrate that highly centralized token distributions frequently lead to price volatility and diminished community trust, potentially hindering Moonchain’s long-term adoption goals.

On-chain fees trend downward, suggesting improved scalability

Recent data analysis reveals a significant downward trend in MCH on-chain fees, providing strong evidence of improved blockchain scalability. This positive development aligns perfectly with broader industry efforts to address one of cryptocurrency’s most persistent challenges. The decreasing fee structure indicates that Moonchain’s underlying infrastructure is successfully handling transaction loads more efficiently than in previous operational periods.

Transaction data from the BNB Smart Chain shows this improvement in quantifiable terms:

This fee reduction coincides with implementation of advanced blockchain scaling technologies. Moonchain’s development team has focused on implementing solutions similar to those seen across the industry, including sharding technology and Layer-2 networks that add second layers to the main blockchain for faster transactions. These technical improvements allow for distributed transaction processing across multiple network segments, effectively increasing throughput while maintaining security.

The practical impact for users is substantial - lower transaction costs make the platform more accessible for everyday use cases while encouraging increased adoption. With MCH currently trading at approximately $0.023 with over $1.3 billion in 24-hour trading volume, these scalability improvements position the project favorably for sustained growth despite recent price volatility.