Explain protocol activity with evidence
Make a dated update that separates chain data, interpretation, and what the data cannot show.
- Starting point
- You have a defined protocol, chain, period, and a question about activity.
- What you need
- Required: a relevant data source, its definitions, and a document for the report. Use the explorer and datasets for the actual chain. This is a reporting exercise, not a trading signal.
Steps
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Define the measure and comparison
Name the chain, contracts or addresses, time window, timezone, and metric. Explain what is counted and excluded. Choose comparable periods before looking for an attractive result.
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Record a reproducible source
Save the query or explorer URL, retrieval time, and definitions. Check coverage, indexing delays, and whether the query includes the intended contracts. A public dashboard is a starting source to inspect, not automatic evidence of correctness.
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Check what the numbers mean
Inspect a sample of underlying transactions and check units. Distinguish addresses from people and transactions from meaningful usage. Consider contract changes, incentives, or missing data before attributing a change to the product.
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Publish the finding with its limits
Write the observation, a cautious interpretation, and what remains unknown. Link the source and date the update. Ask a contributor to reproduce the central result and record a correction if the underlying data changes.
The role of each resource
These are options for a specific role; you do not need to adopt all of them.
- Suggested · tool Dune Analytics Inspect queries and dashboards where the relevant chain and dataset are supported.
- Optional · tool Etherscan Check underlying Ethereum transactions; choose the appropriate explorer for another chain.
- Alternative · tool Subscan Consider it for a supported Polkadot ecosystem chain; confirm coverage for your report.
- Optional · tool Notion Keep definitions, source links, and the dated report in a shared note.
When it is done
A reader can identify the time period, understand the metric, inspect the source, and see what conclusions the evidence does not support.
Addresses are not people
Fictional reporting example; no live protocol figures are represented.
| Observation | Unsupported leap | Useful qualification |
|---|---|---|
| The query finds more active addresses in the selected period. | “The protocol gained the same number of new users.” | One person may control several addresses, and automated activity may be present. |
Report the measure the query actually computes. Explain how it differs from the behavior you want to understand.
Checklist and template
Explain protocol activity with evidence [ ] Define chain, contracts, period, and metric. [ ] Save the source, retrieval time, and coverage notes. [ ] Check units and sample underlying transactions. [ ] Separate observations, interpretation, and unknowns. [ ] Have another reader reproduce the central finding. Question / protocol / chain: Period / timezone / comparison: Contracts or addresses: Metric definition / exclusions: Query or explorer URL: Retrieved at: Coverage / indexing limitations: Observation: Interpretation: Alternative explanations: What this cannot establish: Reviewer / reproduction note: Correction history: