Data

dune

I wonder how much bull market you can predict using this simple metric.

h/t @marcov 

https://dune.com/queries/3955771/6664960

Lets put it to the test! @mats, looking at 3 different versions 👇 

1️⃣ Total contracts Deployed vs Eth Price (weekly), does not seem that much correlated with price

2️⃣  Total contracts Deployed by EOA vs Eth Price (weekly), does seem to have some correlation in the past months, with contracts and price going up

Blockchain Data Analyst 🔎

dune.com/Marcov

3️⃣ Total Unique contracts vs Eth price (weekly), might be the best one? Showing an upward trend in price and contracts in the past years, with the exception of 2021