CoinStats Unveils Chain Activity for Enhanced Airdrop Farming Wallet Insights

cryptonews.com:

CoinStats introduces enhanced airdrop farming analytics with its latest feature. Image by Malchev, Adobe Stock.Digital asset management platform CoinStats has introduced a new feature called “Chain Activity” to give users more comprehensive insights into their cryptocurrency wallet activities, especially for those engaging in airdrop farming, according to a statement released on Thursday.

The addition of Chain Activity provides CoinStats users with detailed data on their wallet’s participation in airdrop farming campaigns across different blockchain networks.

Airdrop farming refers to the practice of carrying out activities on new blockchain projects in order to become eligible for free token distributions or “airdrops.” The new Chain Activity feature from CoinStats allows users to monitor metrics like their activity score, transaction count, trading volume, fees spent, and last activity time to gauge their wallet’s ranking and eligibility for airdrops.

The activity score is calculated using a 100-point system that evaluates the overall on-chain activity of a user’s wallet and displays it prominently on a card in the CoinStats interface. Beyond just the score, users can also view their total transaction count across various networks, as well as their total trading volume and amount spent on fees. According to CoinStats, having transparency in these metrics is valuable for assessing airdrop eligibility.

Additionally, Chain Activity aggregates a wallet’s on-chain activities over different time frames ranging from days to weeks to months. This gives users a comprehensive overview of their cumulative engagement on each blockchain network. While all CoinStats users can benefit from these insights, they are especially useful for