Definition ∞ New address growth measures the rate at which unique wallet addresses become active on a blockchain network. This metric serves as an indicator of network adoption and expansion, showing how many new participants are joining or interacting with a specific digital asset or protocol. A consistent increase in new addresses suggests expanding user interest and potential network effect, signaling healthy organic development. It can also reflect increased utility or speculative interest in the underlying asset.
Context ∞ Analysts frequently examine new address growth alongside other on-chain metrics to assess the fundamental demand and long-term viability of a digital asset. While a positive trend is generally favorable, sudden spikes can sometimes indicate speculative activity rather than genuine adoption. Understanding this growth is crucial for interpreting market sentiment and the overall health of a blockchain ecosystem.
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