It can be done.

CN
Phyrex
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7 hours ago

It can be done, but to be honest, the on-chain data of $ETH or the exchange data is not very helpful, especially the exchange data is even less helpful. The reason for frequently updating $BTC data is that all factors affecting Bitcoin price changes occur on exchanges, so both the stock on exchanges and the inflow and outflow of exchanges are very helpful.

However, ETH is different. First of all, the large number of L2s has dispersed a lot of chips, and ETH's Staking and ReStaking have also locked up many chips. Additionally, ETH can be traded without going through exchanges, and on-chain transactions are very convenient, which makes the stock data or inflow and outflow data from exchanges not that important.

Moreover, obtaining complete ETH data is very difficult, which is why I rarely write about ETH data. After all, even the data sampling volume is uncertain, and I worry that writing it could mislead others, so I simply refrain from it.

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