Network usage quantifies the extent to which a digital network is being utilized by its participants. This metric can encompass transaction volume, data transfer rates, and the number of active users or nodes. Understanding network usage is essential for assessing network health, capacity, and potential congestion points.
Context
In the cryptocurrency domain, network usage is a key indicator of adoption, activity, and the demand for block space, directly influencing transaction fees and confirmation times. Current discussions frequently revolve around metrics like daily active users, transaction throughput, and the economic incentives that drive network participation, particularly in the context of scalability solutions and Layer 2 networks.
On-chain data reveals altcoins are gathering strength with increasing activity and institutional capital, setting the stage for potential market outperformance.
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