Definition ∞ Unique wallet addresses refers to the count of distinct cryptographic addresses holding a digital asset on a blockchain. This metric provides a measure of the individual entities participating in a network. It helps assess the breadth of user adoption.
Context ∞ This is a fundamental on-chain metric used to gauge user adoption, network growth, and the distribution of a cryptocurrency. An increasing number of unique wallet addresses often signals expanding interest and a healthier ecosystem. Analysts frequently cite this data in reports on network activity and market sentiment.
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