Unique Active Wallets represent the distinct number of cryptocurrency addresses that have initiated or received at least one transaction within a specified timeframe. This metric serves as an important indicator of network activity and user engagement on a blockchain. It helps assess the actual usage and adoption rates of a particular digital asset or decentralized application, reflecting real-world utility.
Context
The metric of unique active wallets is frequently cited in cryptocurrency news and market analysis to gauge the health and growth of various blockchain ecosystems. Reports often compare these figures across different protocols to highlight trends in user adoption and network utility. The discussion involves interpreting these numbers accurately, considering factors like bot activity or multiple wallet ownership by a single user, to gain a true understanding of organic network expansion.
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