OnChainFX Review

When it comes to tracking and monitoring essential indicators and metrics in the crypto market, having the right tools is crucial. This is why investors and traders put effort into selecting top-notch coin metric platforms. These tools make navigating the often volatile crypto landscape significantly easier.

Among the well-known platforms in the search for the ideal coin metric solution, OnChainFX stands out. In this review, we'll closely examine this web-based application and shed light on its advantages and disadvantages.

What is OnChainFX?

OnChainFX is a website designed to aggregate crucial performance metrics for digital assets. Powered by Messari Crypto API, OnChainFX focuses on establishing standardized performance parameters that provide investors with insights into the crypto market. The platform's goal is to offer accurate data that reflects cryptocurrency values and the impact of crypto-related activities on exchanges. OnChainFX recognizes the unique challenges posed by the decentralized nature of the crypto market and has tailored its platform to provide a unifying and straightforward methodology for classifying and compiling crypto metrics.

How Does OnChainFX Gather Data?

OnChainFX leverages data from Messari for its computations, relying solely on Messari's methodologies. The platform defends this integration by highlighting the transparency and accuracy enabled by this approach. Users benefit from a range of information, including insider vesting schedules, investor allocations, roadmaps, and more.

For pricing metrics, OnChainFX emphasizes Messari's efforts to eliminate data anomalies that could affect its price aggregator's effectiveness. It acknowledges the occasional inaccuracy of exchange-reported volumes and employs Messari's "Real 10 Volume" to accurately represent real-time transaction values. Some assets, denoted with an asterisk, are exceptions until they conform to the "Real 10 Volume" methodology.

OnChainFX also uses Messari Crypto API to calculate digital asset supply, leveraging Messari's consistent model for supply computation. This approach aims to establish a standard for supply calculation to facilitate efficient comparisons between cryptocurrencies. If high-quality data is unavailable for supply computation, OnChainFX uses reported circulating supply. Similar to volume data, external source-derived supply data is marked with an asterisk.

Available Data on OnChainFX

Similar to reputable coin metric platforms, OnChainFX aggregates high-quality data that represents real-time market performances of digital assets. The following are some of the data points available on OnChainFX:

• Price
• 24 Hours Changes and 7 Days Trend
• Return on Investment
• Market Capitalization
• 24-Hour Volume