Block’tivity– the often used blockchain benchmark website has refreshed its list of the top blockchains measured by transactions, and the latest list includes some new names.
The Block’tivity Blockchain Activity Matrix is used by the website to display what it terms the ‘real value of blockchains.’
Generally blockchains and cryptocurrencies are measured according to market cap; however, the real value can often be distorted due to unnecessary hype and FUD.
This is exactly the aspects of measurement and valuation Block’tivity aim to remove when compiling their listings. They describe further on their website:
“One way to consider a blockchain project is through its market cap. Another way, closer to the real value, is observing the activity on the blockchain. Lots of FUD and HYPE are responsible for “misplaced” capital in the cryptocurrency space. Here, we are observing which project is actually being used by people, which is in our opinion, the best predictive indicator of value you can have.”
Due to this method of benchmarking projects, the aspect of verification and stricter methods of measurements, mean the website is increasingly becoming a favored tool of investors searching or providing due diligence on potential new investment projects.
The Activity Matrix is a convenient and efficient method of viewing the actual value of individual projects.
The website recently updated its list and included some surprising new participants. Among these include KIN and INSTAR.
The KIN Foundation is a project related to the messaging site KIK, while the INSTAR blockchain is the token of the Insights Network project,
INSTAR is primarily a data-based exchange service, and the team has regularly carried out surveys among the cryptocurrency community, the most successful of which, Blockspectator has provided coverage.
The top 25 serves many surprising conclusions, especially when viewing the ranking of specific projects. The INSTAR blockchain- while having a certain amount of prominence among the blockchain and crypto industries- has been placed above some heavyweight projects. These include:
- Litecoin (LTC)
- Nano (NANO)
- Ethereum Classic (ETC)
- Monero (XMR)
- Dash (DASH)
- VeChain (VET)
When considering the names INSTAR is performing ahead of, the success achieved by the project can be placed into context.
INSTAR regularly holds daily surveys on its website, allowing users to earn free INSTAR upon completion.
The listing is no doubt great news for INSTAR and other newly placed projects on the list, and one wishes them well in their future development and progress.
This article was originally published on Blockspectator.