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RE: SEC S17-W3 || Onchain Metrics of Steem blockchain || by @mianawais

in SteemitCryptoAcademy7 months ago

Total Circulating Supply: This figure indicates what number of Steem coins have been produced and are now in use. It gives perceptions into the general dynamics of supply.

This means that knowing how many Steem coins are available helps us understand how much of it is being used and what's left. We can compare it with fuel reader of car , checking the fuel gauge in a car to see how much gas is left.

Higher security and miner dedication are implied via better hash rates."

When the hash rate is high, it means there's a lot of processing power working to keep the network safe, like having more guards in a fortress. So, it shows that the system is strong and well-protected.

Growing TVL is a sign of environment fitness and DeFi adoption."

If more people are locking their cryptocurrency assets in Steem's decentralized finance apps like this platform, it shows that they trust the system and find it useful.

All the best

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