Coinbase, a publicly traded U.S.-based cryptocurrency exchange renowned for its development of Base, an Ethereum layer-2 solution, has unveiled a new metric, the h-index, to improve the accuracy of blockchain network adoption tracking. This initiative aims to address distortions arising from airdrop-related activities and Sybil attacks.
In a research report released on Friday, Coinbase highlighted that investments in blockchain infrastructure have resulted in an abundance of blockspace. This surplus has reduced the cost of onchain transactions and spurred the development of decentralized applications. However, this evolution complicates the tracking of ecosystem adoption due to the increased number of applications.
Traditional metrics like total transactions or daily active addresses can be skewed by Sybil attacks and airdrop
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First found on: Crypto news from Coinatory
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