On-chain data analysis is useful to understand the amount of value being moved on-chain b/w real world entities. But it only tells one part of the story. Section 3 of @CambridgeAltFin’s report presents a complementary off-the-chain story of cryptoasset usage.
Apolline Blandin: Following the industry overview introduction, we now dive deep into the mining ecosystem. This graph from our 2018 report recaps the key actors in the mining value chain.