A blockchain activity spike indicates a sudden, substantial increase in the volume of transactions or operations occurring on a specific blockchain network. This surge can be measured by metrics such as daily active addresses, transaction counts, or gas usage. Such spikes often correlate with significant market events or new protocol launches.
Context
Blockchain activity spikes frequently signal heightened interest or utility for a particular digital asset or decentralized application. Analysts scrutinize these events to deduce underlying market sentiment or network health. A critical aspect to watch involves whether these spikes represent sustained growth or transient speculative interest, impacting the long-term viability of projects.
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