Coinbase CEO Brian Armstrong has launched a new platform called “On-Chain Score” that gives your crypto wallet a rating based on how “on-chain” it is. Think of it like a report card for your digital wallet.
How It Works
Onchainscore.xyz assigns a score from 1 to 100 to your wallet based on its activity. It looks at things like:
- Transaction history: How often you’ve used your wallet.
- Token swaps: Have you traded crypto within your wallet?
- Bridge transactions: Have you moved crypto between different blockchains?
- Ethereum (ETH) and Base transactions: How active you are on these networks.
Armstrong even shared his own wallet score, which got an 83 out of 100. He also received a 66 on the “Talent Protocol Builder Score,” which is a separate rating.
More Than Just a Score
The platform isn’t just about giving you a number. It also provides information about your wallet’s activity, helping you understand how it’s being used.
Right now, you need to enter your wallet’s “Ox address” to get your score. But the platform will soon accept Ethereum Name Service (ENS) and Basenames, making it easier to find your wallet.
Why Does This Matter?
Armstrong believes that “layer-2” scaling solutions like Base are making crypto more accessible by reducing fees and speeding up transactions. He’s excited about the future of crypto and how these solutions are driving innovation.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Do your own research before making any investment decisions. /p>
