Definition ∞ New Wallet Growth refers to the increase in the number of unique digital asset wallets created and activated over a specific period. This metric serves as an indicator of expanding user adoption and the overall health and expansion of a cryptocurrency network or ecosystem. Consistent growth suggests increasing interest and participation in digital asset markets.
Context ∞ Analysts closely monitor New Wallet Growth as a key metric for assessing the fundamental expansion and market sentiment surrounding various digital assets. Discussions often center on distinguishing genuine user adoption from speculative or bot-driven activity. Sustainable growth rates are considered crucial for the long-term viability and decentralization of blockchain networks.
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