Recently, I noticed something interesting about how CoinDesk covers the crypto industry. It is a media outlet that has won major awards, including a Polk Award for its coverage of the FTX case. What stands out is that they maintain fairly strict editorial policies to ensure independence and integrity in their reporting.

The curious thing is that CoinDesk is part of Bullish, a digital asset platform focused on institutions ( listed on the NYSE under the ticker BLSH). This means there is a corporate connection worth keeping in mind when reading their analyses, especially when they discuss topics related to on-chain measures and changes in the payments economy.

In that context, when you see that Block has fallen back to 2019 levels, some interpret it as a simple market movement. But if you view it from the perspective of broader on-chain measures, it could indicate something deeper: structural changes in how the entire payments ecosystem functions.

What I find relevant is that these analyses of on-chain measures and their impact on the payments economy need context. It’s not just a number on the screen; it reflects larger market decisions. CoinDesk journalists, including those covering these on-chain measures, may receive compensation in Bullish shares, so it’s always good to keep that in mind when reading their reports.

Anyway, if you’re closely following how on-chain measures evolve and their relationship with the payments market, these are details worth considering for a more complete view.