The number of distinct blockchain addresses that have engaged in a specific activity or hold a particular asset. It serves as a metric to gauge user adoption and network engagement. This figure is crucial for understanding the breadth of participation in a cryptocurrency ecosystem, distinguishing between active users and dormant accounts.
Context
Current discussions surrounding ‘Address Count’ often focus on its correlation with token price movements and the overall health of a decentralized application or network. Analysts scrutinize increases or decreases in active addresses to infer user sentiment and potential shifts in market dynamics. Monitoring this metric provides insight into the organic growth and sustained interest in a digital asset or protocol.
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