What metrics should I look at to see whether Haedal usage is increasing?
If the dollar-denominated value deposited in haSUI has increased, first distinguish changes in $SUI price from changes in the amount deposited. Even if the token amount stays the same, its dollar-denominated value can grow when the price rises.
Next, look at issuance and redemptions together. If the amount issued increases but redemptions rise by a similar amount, net inflows may be limited. Conversely, if net inflows continue even as the market price falls, that can help you interpret demand for the product.
It is also difficult to determine the number of users based solely on the number of holder addresses. One user may use multiple addresses, and the assets of multiple users may be pooled at a single service address. It is more useful to look at balance changes and repeat usage together.
If you’re a trader tracking $HAEDAL , you can record product usage metrics and token prices separately to see whether the two trends actually move together. This is not investment advice.
#HAEDAL #Haedal @HaedalProtocol
If the dollar-denominated value deposited in haSUI has increased, first distinguish changes in $SUI price from changes in the amount deposited. Even if the token amount stays the same, its dollar-denominated value can grow when the price rises.
Next, look at issuance and redemptions together. If the amount issued increases but redemptions rise by a similar amount, net inflows may be limited. Conversely, if net inflows continue even as the market price falls, that can help you interpret demand for the product.
It is also difficult to determine the number of users based solely on the number of holder addresses. One user may use multiple addresses, and the assets of multiple users may be pooled at a single service address. It is more useful to look at balance changes and repeat usage together.
If you’re a trader tracking $HAEDAL , you can record product usage metrics and token prices separately to see whether the two trends actually move together. This is not investment advice.
#HAEDAL #Haedal @HaedalProtocol
