Daily active addresses represent the count of unique cryptocurrency addresses that participated in at least one transaction on a given blockchain within a 24-hour period. This metric offers a direct indication of network activity and user engagement. Each distinct address is counted only once, irrespective of the number of transactions it initiates.
Context
This on-chain metric serves as a key gauge of a blockchain’s user base and utility, frequently cited in crypto news to assess a project’s operational health and adoption rates. A sustained increase in daily active addresses often signals expanding network use and potential for future growth, while a decline may suggest reduced interest or utility.
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