Global Metrics
Methodology for querying ecosystem-wide metrics without filtering by specific entities.
Global Metrics
Type: Metric
Description
The following table provides a detailed overview of the global metrics methodology. To get more information about metrics, please refer to the Objects/Metrics section.
| Key | Description |
|---|---|
benchmark_staking_ratio | This metric can help you gauge how much interest there is in staking across the whole ecosystem. It's calculated by taking the balance weighted average of the staking ratios of all assets. |
annualized_rewards_usd | This metric helps you understand how much value is being created in the market by staking by showing how much total rewards are paid out to stakers. The calculation involves summing up the rewards given out in USD across all assets. It's important to note that this total may be influenced by the volatility of the market and the value of the reward tokens. |
staking_marketcap | This metric should be the main metric you keep your eye on over the long term as it will highlight any major changes in the ecosystem. This represents the total USD value of all tokens that have been staked and are being tracked by Staking Rewards. It's calculated by summing the USD value of all staked tokens. However, the value may fluctuate due to changes in the market prices of the tokens. |
benchmark_reward_rate | This metric provides an average reward rate across all staking opportunities tracked by Staking Rewards, balanced by the amount staked. It's determined by calculating the balance weighted average reward rate across all opportunities. It's worth noting that this average rate may be affected by assets offering high APRs through high inflation rates or by assets with low APRs but deflationary tokenomics. |
marketcap | This metric indicates the total USD value of the circulating supply of all crypto assets. It's calculated by multiplying the current price of each asset by its circulating supply. This value can fluctuate based on market conditions and the prices of individual assets. |
pos_flippening_pow | This is a ratio of the market capitalization of all PoS assets to that of all PoW assets. It's calculated by dividing the PoS assets market cap by the PoW assets market cap. This metric can provide an interesting perspective on the relative growth of PoS and PoW, but it should be noted that market cap alone doesn't define the success or utility of a blockchain model. |
pos_assets_marketcap | This metric represents the total market capitalization of all Proof of Stake (PoS) assets tracked by Staking Rewards. It's determined by summing up the market capitalizations of all PoS assets. Remember, it may not fully represent the entire PoS market, as it only includes the assets tracked by Staking Rewards. |
pow_assets_marketcap | This metric shows the total market capitalization of all Proof of Work (PoW) assets. It's calculated by summing up the market capitalizations of all PoW assets. |
staking_wallets | This metric indicates the total number of unique staking addresses across all assets. It's derived by summing up the number of unique staking addresses for each asset. This can give a sense of the spread and participation of staking, but it might not indicate the distribution of assets among stakers. |
crypto_gdp | This refers to the total revenue of all assets tracked by Staking Rewards. It's calculated by summing up the revenue generated by all these assets. Keep in mind that this figure may not fully represent the "GDP" of the entire crypto market, as it only includes the assets tracked by Staking Rewards. |
net_staking_flow_7d | This metric can be used as an indicator of the general trend in the Staking ecosystem over the past week. It shows the net value of all assets staked or unstaked over the last week. It's calculated by summing up the value of all assets staked and subtracting the value of all assets unstaked. |
total_vsp_aum | This metric indicates the value of assets under management for all the verified staking providers, in USD. It is calculated by adding up the staked assets, multiplied by price, for all verified staking providers. |
total_vsp_wallets | This metric indicates the number of unique wallets staking for verified staking providers. It's derived by summing up the number of unique staking addresses for each provider. |
total_vsps | This metric indicates the current number of verified staking providers. |
Sample Query
Example:
To get the marketcap, make sure to apply a filter that excluding any asset, provider, reward option, or validator relation:
{
metrics(
where: {
asset: null
provider: null
rewardOption: null
validator: null
metricKeys: ["marketcap"]
}
limit: 1
) {
defaultValue
changeAbsolutes
changePercentages
createdAt
}
}