Blockchain Breakdown [09/16/2018]
Activity Valuation Index (AVI):
This is one of the most interesting data points on the website. This index takes the Bitcoin value (market cap) and the number of transactions (Tx) per day and makes it an index set to "1". Then, it varies with the other blockchains data. The index grows when the blockchain is very active and its market cap is low.
A blockchain with the same amount of Tx as Bitcoin but with only half of its market cap would have an AVI of 2. From the investor point of view, it would be twice as valuable as Bitcoin because it would have the same level of activity with only half the market cap. Another blockchain with half the amount of Bitcoin Tx with the same market cap would have an AVI of 0.5.
We can see blockchains like BitShares and Steem having very high index values. That is explained by the fact that they have a very low market caps but they process the same kind of Bitcoin activity or more.
Conclusion
I mean the quote speaks for itself, but it seems to be saying STEEM and Bitshares are over 1,000 "as valuable" as Bitcoin.
Now this is not investment advice, and I wouldn't say this can absolutely prove that STEEM is mathematically 1,000x more valuable than Bitcoin, but it is easy to see how it could be.
