Contributor, Benzinga
June 21, 2023
Glassnode
Overall Rating:
securely through Glassnode's website

Glassnode, founded in 2018, has emerged as a powerhouse platform in the world of cryptocurrency. With its extensive suite of services, Glassnode is a go-to resource for users seeking to navigate the complexities of the digital currency market. By using cutting-edge data-driven insights, advanced analytics and a range of tools, Glassnode empowers individuals to confidently make informed decisions based on real-time on-chain data and market indicators. 

Pros
  • Extensive selection of diverse metrics, providing users with an abundance of data to analyze and gain comprehensive insights into the cryptocurrency market
  • Precise on-chain data, ensuring accurate and reliable information for users to make informed decisions
  • Wide range of cryptocurrencies and tokens, catering to the diverse investment portfolios of its users
Cons
  • Personalized watchlist to track specific cryptocurrencies or assets of interest

Glassnode Ratings at a Glance

Customer Service
Security
Minimum Investment and Pricing
User Experience
Overall Rating

Glassnode Product Offering

Glassnode stands out as a premier platform that provides sophisticated analytics and invaluable insights into blockchain and cryptocurrency markets. With an extensive collection of over 3,500 on-chain metrics, including transaction volume, network fees and active addresses, Glassnode equips users with the tools to assess the overall health and activity of diverse blockchain networks.

Driven by a commitment to transparency, Glassnode aggregates and scrutinizes on-chain data from prominent blockchains like Bitcoin and Ethereum. This wealth of information empowers the platform's 800,000 retail and institutional users to navigate the decentralized financial (DeFi) ecosystem with clarity.

Key features and metrics offered by Glassnode.com include:

  1. Market indicators: Glassnode tracks critical market indicators and signals, encompassing price movements, whale transactions and supply distribution. By analyzing these indicators, users can identify emerging market trends and gain insights into the behavior of significant market participants.
  2. Investor insights: Through its acclaimed Week on-Chain and Finance Bridge Newsletters, Glassnode delivers market-leading insights. These insights delve into hodling patterns, accumulation or distribution trends and the movement of coins across different wallet types. Armed with this knowledge, users can grasp market sentiment and potentially identify crucial market bottoms or tops.
  3. Customizable dashboards: Glassnode empowers users to create personalized dashboards tailored to their preferences. Users can set up alerts based on specific metrics and parameters of interest. This feature enables individuals to closely monitor the aspects of the crypto market that align with their unique investment strategies.
  4. Research and reports: Glassnode produces comprehensive research and analysis reports on a weekly basis, covering a wide range of cryptocurrency and blockchain-related topics. These reports delve into market trends, network fundamentals and notable events or developments within the crypto industry.

With its wealth of on-chain metrics, tailored insights, customizable dashboards and thought-provoking research, Glassnode serves as an indispensable resource for investors, traders and researchers seeking to make informed decisions in the ever-evolving world of cryptocurrencies.

Glassnode Customer Service

Glassnode offers a comprehensive range of support options to cater to various needs and inquiries. Users can avail themselves of the following avenues to seek assistance:

  1. Product and billing support: For queries or concerns related to product usage or billing matters, users can reach out to support@glassnode.com. This dedicated support channel ensures prompt and efficient resolution of issues pertaining to the platform's functionalities and subscription-related inquiries.
  2. Institutions, funds and partnerships: Glassnode recognizes the unique requirements of institutional clients, funds and partnership inquiries. To address specific queries in these areas, users can directly contact sales@glassnode.com. This dedicated channel is designed to cater to the needs of institutional clients and establish fruitful partnerships.
  3. General inquiries: Users seeking general information or having inquiries beyond product support or institutional matters can reach out to contact@glassnode.com. This email address serves as a point of contact for general queries, providing assistance and guidance on a wide range of topics related to Glassnode's services.

Additionally, Glassnode offers a convenient option to submit support requests through the website. By visiting the support section on its website, users can select the relevant issue, provide their email address and subject and type in details regarding their request. This streamlined process ensures efficient communication and prompt resolution of user inquiries.

With its diverse support options, including dedicated email addresses and a user-friendly support request submission process, Glassnode demonstrates a commitment to providing comprehensive assistance and support to its valued users.

Based on numerous user reviews, Glassnode demonstrates satisfactory responsiveness to support requests, ensuring timely assistance. While there may be occasional delays, the platform strives to address inquiries promptly. However, it is worth noting that once Glassnode responds to user requests, it provides valuable and helpful solutions, promptly addressing questions and concerns. Users appreciate the level of support provided by Glassnode, as it effectively resolves their queries and provides the necessary guidance. 

Glassnode Security

Glassnode prioritizes the security of its platform and user data by implementing a range of precautionary measures. Some of the security precautions taken by Glassnode include:

  1. Data encryption: Glassnode employs robust encryption techniques to secure user data and communications. This process ensures that sensitive information remains protected and inaccessible to unauthorized parties.
  2. Two-factor authentication (2FA): Glassnode offers the option to enable 2FA, an additional layer of security that requires users to provide a second verification factor, typically through a mobile app, when logging into their accounts. This practice helps prevent unauthorized access even if login credentials are compromised.
  3. Secure data storage: Glassnode follows industry best practices to safeguard user data. This feature includes storing data in secure and encrypted environments, implementing backup and disaster recovery protocols and regularly updating and patching systems to address any potential vulnerabilities.
  4. Third-party audits: Glassnode conducts periodic security audits by reputable third-party firms to assess the robustness of its security measures. These audits help identify and address potential vulnerabilities or weaknesses in the platform's infrastructure.
  5. Employee training and access control: Glassnode ensures that its employees undergo thorough security training to maintain a strong security-focused culture. Access to user data is limited to authorized personnel, and comprehensive access control measures are in place to minimize the risk of unauthorized data exposure.
  6. Compliance with regulatory standards: Glassnode complies with applicable data protection regulations and industry standards, such as the General Data Protection Regulation (GDPR) and ISO 27001, to ensure the privacy and security of user information.

By implementing these security precautions, Glassnode aims to provide users with a secure and reliable platform for accessing cryptocurrency data and insights while maintaining the confidentiality and integrity of their information.

Glassnode Minimum Investment and Pricing

Glassnode provides a range of pricing tiers designed to cater to the varying needs of investors utilizing the platform. These tiers include:

Standard:

  • No credit card required for sign-up
  • Offers fundamental on-chain network and market metrics
  • Ideal for industry spectators and retail investors seeking essential insights into the cryptocurrency landscape

Advanced:

  • Pricing options: $29 per month (billed annually) or $39 per month (billed monthly)
  • Provides up-to-date on-chain market indicators and futures data
  • Tailored to serious traders and investors who require in-depth analytics and real-time information

Professional:

  • Priced at $799 per month (billed annually).
  • Delivers the most advanced and high-resolution on-chain and futures data
  • Geared towards experienced investors and professionals who require comprehensive insights and granular data analysis

Institutional:

  • Pricing tailored to meet the specific requirements of each institution
  • Offers the most advanced features of Glassnode, customized to institutional needs
  • Designed to cater to the demanding requirements of institutions and large-scale investors

With its diverse pricing options, Glassnode ensures that investors can select the tier that best aligns with their needs and level of expertise, granting them access to the appropriate level of data and insights within the cryptocurrency market.

Glassnode User Experience

Users, regardless of their cryptocurrency expertise, can easily access and explore on-chain metrics, market indicators and data-driven insights. The platform's intuitive design ensures easy utilization, enabling informed decision-making in the dynamic cryptocurrency market.

Glassnode vs. Competitors

Glassnode platform has a few competitors that are similar like Santiment, LunarCrush, DYOR.net and CryptoQuant. These platforms differ in their specific areas of expertise, data sources and analytical approaches. While they share the goal of providing users with comprehensive insights into the cryptocurrency market, their unique features and strengths cater to the varied needs and preferences of traders, investors and researchers. Users may choose a platform based on their specific requirements for data analysis, visualization, sentiment analysis or predictive modeling.

Overall Rating

Glassnode deserves a 4 rating for several reasons. It offers an extensive range of over 3,500 on-chain metrics, providing deep insights into blockchain network health and activity. The accuracy of its data analysis is commendable, ensuring users can rely on reliable information. Glassnode supports a wide variety of assets, enabling users to monitor multiple cryptocurrencies within a single platform. The user-friendly interface enhances accessibility for users with varying levels of expertise. Glassnode's data-driven insights, market indicators and analysis of investor behavior empower users to make informed decisions. While there may be room for improvement, such as the lack of a watchlist, Glassnode's overall performance warrants a 4 rating. It equips users with valuable tools and insights to effectively navigate the complexities of the cryptocurrency market.

Frequently Asked Questions

Q

How many Bitcoin addresses have a balance?

A

The number of addresses with a balance of one or more Bitcoin is currently sitting at 981,000 addresses.

Q

What is Glassnode used for?

A

Glassnode is used as a data analytics platform for analyzing on-chain metrics and market indicators in the cryptocurrency space, providing valuable insights to traders, investors and researchers.

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