Coinbase launches H index to accurately track blockchain adoption

ChainCatcher news, Coinbase pointed out in a research report on Friday that traditional network metrics such as total transaction volume or daily active addresses may be skewed due to fake coin attacks and airdrop activities. To address this issue, Coinbase has introduced a new blockchain analysis metric: the H-index, which looks at the number of addresses that have received the same number of transactions at least. An H-index of 100 means that within a given time frame, 100 different receiving addresses have received transactions from at least 100 unique sending addresses.

In the application of the H-index, for the week ending June 6, user activity was most extensive on Ethereum and Base, followed by Arbitrum and Polygon. Coinbase acknowledges that the metric has its imperfections, but believes that the H-index can "provide a new perspective for comparing chain adoption by mitigating the excessive influence of Sybils and measuring growth more broadly."