What key on-chain activity metrics say about SOL, ETH, and other chains in 2025
In a sea of noise, the real Web3 winners will be those that turn raw on-chain data into actionable signals for sustainable growth.
By Dr. Angela Minster and Eric Stone | Edited by Nelson Wang.
Web3 is drowning in metrics, most of which paint an unclear picture. Transaction volumes, token prices, and flashy headlines often obscure what really matters: the quality of user interaction and the potential for organic, exponential growth. As the industry moves beyond hype, reliable, data-driven signals of success are no longer optional—they’re essential.
The good news is that the tools already exist to cut through the noise. By combining multiple on-chain metrics into a single “health index” that indicates the depth and quality of overall user interaction, we can identify which chains are truly thriving and poised for long-term growth. With 2024 drawing to a close, let's take a deeper look at what these signs reveal about today's top networks and what we can expect in 2025.
