Active wallets are cryptocurrency addresses that have engaged in on-chain activity within a specified timeframe. This activity typically includes sending or receiving transactions, interacting with smart contracts, or participating in network consensus. Monitoring active wallets provides insights into network utilization and user engagement levels. Their number is a key metric for assessing the health and growth of a blockchain ecosystem.
Context
The current discourse surrounding active wallets often focuses on distinguishing genuine user activity from bot-driven or wash trading patterns. Analysts are keen to understand whether increases in active wallets signify organic adoption or are driven by speculative trading. Future developments may involve more refined metrics to differentiate between various types of wallet activity and their implications for network value.
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