This article mentions one of several metrics we offer regarding exchange deposit addresses. Please check this article for an introduction on deposit addresses and the complete list of metrics offered.
The SDT metric shows the share of deposit-related transactions in the total number of transactions on a network.
The main goal remains to measure the level of speculative interest in a coin – but from another perspective.
SDT is particularly useful when combined with Daily Active Deposits and their share in total daily active addresses (SDD).
For example, it could be the case that a relatively small number of deposit addresses generates a disproportionately largeamount of transactions on the network. Or vice versa – a large number of deposit addresses generate a relatively small amount of network transactions, indicating that a token is used predominantly for its utility.
The former seems to be the case with REP. If we look at Augur over the last 6 months, we’d find just 30% of deposit addresses (on average) responsible for 50% of all network transactions:
Share of daily active deposits in DAA over the last 6 months (SDD) =30%
Share of Deposit-related transactions over the last 6 months = 50%
We see another peculiar case in the case of OmiseGo, where the number of daily active deposits over the last 6 months stayed the same, but the share of deposit-related transactions significantly increased. This means that non-deposit addresses now account for comparatively less transactions, which may indicate a steady rise of speculative interest in the OMG network:
A steady number of Daily Active Deposits over the last 6 months (minus that huge spike)
A gradual increase in share of deposit-related transactions over the last 6 months