BTC
BTC
ETH
ETH
SOL
SOL
USDT
USDT
USDC
USDC
XRP
XRP
TRX
TRX
BNB
BNB
DOGE
DOGE
TON
TON
More Assets
Glassnode

Chart description

This chart serves as a useful tool for analyzing the relative investor flows between the ETH and DeFi-Sector by examining the correlation between ETH price movements and the amount of active addresses DeFi tokens.

An uptick in on-chain address activity indicates periods of heightened interest as investors engage in trading and acquire DeFi token.

🟢 A high positive correlation implies that increases in ETH prices potentially drives demand for DeFi tokens.

šŸ”“ A high negative correlation suggests that a sector's token activity intensifies during a decline in ETH prices, which could serve as an indicator for investors offloading riskier assets.

Metrics details