Transactions Dashboard
This dashboards tracks key metrics related to transactions on the Nano network over time. The focus is on understanding the growth and usage of Nano as a practical medium of exchange and store of value.
💰 1. Price Across Major World Currencies
- Why It Matters: Price serves as a reflection of market confidence and adoption.
- What I Expect: As Nano gains wider exposure and adoption, its price is likely to appreciate relative to fiat currencies and precious metals, signaling increased demand and utility.
📊 2. Total Volume Transmitted (in raw Nano units and fiat)
- Why It Matters: Increasing transaction volumes indicate growing adoption for transferring value.
- What I Expect: Both absolute transaction volume (in Nano) and equivalent fiat volume will grow over time as more individuals and businesses adopt Nano for financial transactions.
🔄 3. Send Confirmations Over Time
- Why It Matters: The number of "send" confirmations reflects the frequency of transactions occurring on the network.
- What I Expect: A steady increase in send confirmations suggests that more users are actively transacting value, further validating Nano's usability and network efficiency.
👥 4. Unique Accounts Transacting
- Why It Matters: The number of unique accounts sending Nano is a straightforward way to gauge how many people are actively participating in the network. Each sender represents someone choosing Nano as their method of payment or transfer, driving the ecosystem forward and showcasing its real-world utility.
- What I Expect: Over time, the number of unique senders should grow steadily, reflecting increasing awareness and adoption of Nano for everyday transactions. This growth signals a stronger, more active community and reinforces Nano's role as a practical and widely used currency.
🪣 5. Transacting Account Balances
- Why It Matters: Account balances show how much Nano (and equivalent fiat value) users are willing to hold. The distribution of these balances helps us understand if Nano is being used as intended - as a practical currency rather than just a speculative asset.
- What I Expect: Over time, we should see a healthy distribution of account balances across different sizes. A mix of smaller everyday-use accounts and medium-sized savings accounts would indicate that Nano is serving both as a practical medium of exchange and a reliable store of value.
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