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I would want to be able to calculate some on-chain metrics for a simple project I am doing.
I was checking glassnode studio and see that they are very rich with on-chain metrics and would want to be able to replicate them (without paying for direct service from glassnode but rather calculate these from scratch/other third party services which offer only the raw data).
Some nice explanations for the on-chain metrics can be found here:
- SOPR: https://academy.glassnode.com/indicators/sopr/sopr-spent-output-profit-ratio
- NUPL: https://academy.glassnode.com/indicators/profit-loss-unrealized/net-unrealized-profit-loss
I am already using nomics, debank and bitquery APIs - so would have no issue on using these three services but also potentially other third party APIs.
If I would be able to somehow fetch the UTXOs in specific transactions (prices in the time they were created vs now), then one can pretty easily calculate these metrics - but this is the piece of information I am missing at the moment.
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