Quantitative Factors (Tokenomics and On-Chain Indicators):

Tokenomics: The study of token economics is fundamental. This includes:

Offer: The circulating supply (tokens currently on the market), the maximum supply (total token limit that the project intends to create) and the issuance rate (speed at which new coins are put into circulation). Scarcity, like with Bitcoin with its fixed limit of 21 million coins, can increase long-term value.

Distribution: The methods of distributing tokens (mining, staking, airdrops, ICO) and their concentration are important. A broad distribution reduces the risk of market manipulation.

Utility: The way the token is used within the ecosystem (, for example, for transaction fees, governance, and staking rewards ) enhances its demand and sustainability.

On-Chain Indicators: This data is extracted directly from the blockchain and provides unique insights into the health of the network.
Number of transactions: A measure of network activity, although it should be interpreted with caution, as a single entity could artificially inflate the figures.

Transaction value: The total value transferred on the network over a given period.

Active addresses: The number of unique addresses participating in transactions, indicating user engagement.#Rise of Solana Treasury Holders