In a move geared towards improving user experience on its platform, blockchain market intelligence platform Santiment recently announced the addition of a new feature that allows users to track the activities of several crypto assets in one dashboard. The new model called “Asset Activity Matrix” shows the on-chain and social activities of many crypto assets.
Per the post on X – formerly Twitter – Santiment said the Asset Activity Matrix uses a hot and cold tab feature to represent different activity levels of a particular token. While the hot tab, shown in red, shows increased activity, the cold tab, shown in blue, indicates reduced activity.
Furthermore, Santiment stated that in showing activity levels, it uses data gathered over a 90-day period. Therefore, activity levels of different tokens over that period are displayed on the dashboard.
According to the platform, the new model makes it easy for users to use its platform without having to open many tabs on their browsers. Since all necessary data is displayed on a single page, the platform said users can now seemingly follow the activity level of different tokens more conveniently.
In response to a user inquiry, Santiment clarified that while the model shows different activity levels, it doesn’t indicate a buy zone – a signal that a user should invest the token. “We recommend looking at whether the network is hot BECAUSE the price is surging,” it said in the post.
That's correct, yes! Keep in mind there are exceptions to a network getting 'hot and it suddenly being a 'buy zone'. We recommend looking at whether the network is hot BECAUSE the price is surging, or whether— Santiment (@santimentfeed) September 24, 2023
Since its launch in 2016, the intelligence platform has tracked the activities of nearly 2000 crypto assets, according to data on its website. Additionally, Santiment said it tracks over 7 million social media data per month.