You said that The On-chain metrics plays well a pleasing and crucial role in assessing well the health and the robustness of the STEEM ecosystem. Ofcourse this is too much true. On-chain metrics is composed of too many things that define the health of a Blockchain, like volume, daily transection, community activeness and many other.

You have another argument that The Fundamental events, such as the protocol upgrades, can have a huge significant on STEEM ecosystem itself. Yes any positive upgradation will have a great impacts on Steem Blockchain system. Many investors will take interest in it.

Wish you get succeeded in this contest friend.