Daily Active Wallets

Definition ∞ Daily active wallets represent the count of unique cryptocurrency addresses that initiate or receive at least one transaction on a blockchain network within a 24-hour period. This metric serves as a key indicator of user engagement and the overall activity level within a digital asset ecosystem. It provides insight into the organic demand for network services and the actual utility of a blockchain. High numbers suggest robust network utilization and a healthy user base.
Context ∞ Crypto news routinely cites daily active wallets as a fundamental metric for assessing the health and growth of various blockchain protocols and decentralized applications. A contraction or expansion in this number can signal shifts in user interest, the effectiveness of new features, or broader market sentiment. Analysts use this data to gauge network adoption and compare the relative activity of different digital asset platforms.