Metrics framework
USDSSparkLend · Ethereum
Every row states its formula, its inputs, its source and when it was retrieved. Where there is no figure there is a reason, not a dash.
23 of 109 metrics carry a value. The rest state what they are missing. That is not a gap in the presentation: this application's data is a yield and capital series — no price, no order book, no holder distribution and no contract data.
Holders and transfers
Holder counts, transfers and address ages are not available in this application.
Total holders — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Active holders — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Retention — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Transfers — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Median transfer size — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Dormant share — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Share on trading venues — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Address concentration (raw)
A statement about addresses. An address is not an owner.
Top 10 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Top 50 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Top 100 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
Estimated economic concentration
Exchange and custody addresses hold other people's assets: one address, many owners. Without documented attribution no value arises here — an estimated economic concentration equal to the raw one would claim attribution work nobody did.
Top 10 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no address attribution available
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No documented address attribution — an estimated economic concentration would be the raw one under another name.
Top 50 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no address attribution available
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No documented address attribution — an estimated economic concentration would be the raw one under another name.
Top 100 — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no address attribution available
- Definition
- The share of circulating supply held by the N largest addresses.
- Formula
- sum(balances of the N largest holders) / circulatingSupply
- Inputs
- sortedBalances, circulatingSupply, n
- Reading
- A statement about addresses. An address is not an owner.
- Limit
- Exchange and custody addresses hold other people's assets: one address, many owners. Raw address concentration is therefore kept separate from estimated economic concentration and never converted into it.
- Method
- In-house definition, formed from this application's inputs. · topNConcentration · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No documented address attribution — an estimated economic concentration would be the raw one under another name.
Divergence, on-chain against price
An observation about two standardized series. Not a buy, sell or trend signal.
Growth of total value locked — Show the explanation0.001459
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 7:36 PM UTC
Price growth — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no price series retrieved
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- This application retrieves no price series; what is available is the market data provider's yield and capital series.
Growth in holders — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no holder data in this application's sources
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: SKN3X.COM (berechnet / computed) (DERIVED) · retrieved Oct 5, 2026, 7:36 PM UTC
- No holder data in this application's data sources.
zOnchain — Show the explanationINSUFFICIENT_HISTORY · History too short
Reason: history=0, need >=12
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 7:36 PM UTC
zPrice — Show the explanationINSUFFICIENT_DATA · Inputs incomplete
Reason: missing: priceGrowth
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 7:36 PM UTC
Divergence — Show the explanationINSUFFICIENT_HISTORY · History too short
Reason: history=0, need >=12
- Definition
- The distance between standardized on-chain growth and standardized price growth.
- Formula
- zOnchain - zPrice, where z = (x - mean(history)) / stdDev(history)
- Inputs
- onchainGrowth, priceGrowth, history
- Reading
- An observation: the two series moved away from their own means by different amounts over the measured window.
- Limit
- Not a buy, sell or trend signal. Both z-values refer to each series' own history, not to a market.
- Method
- In-house definition, formed from this application's inputs. · divergence · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 7:36 PM UTC
To the market →To the analysis framework →To this framework's methodology →
Data as of: Oct 5, 2026, 7:36 PM UTC