Definition ∞ A wallet engagement metric is any quantifiable measure that tracks how users interact with their cryptocurrency wallets or addresses on a blockchain. This includes indicators such as the frequency of transactions, the diversity of interacted protocols, or the duration of active participation. It provides insights into the actual utility and active usage of digital assets.
Context ∞ News reports often cite wallet engagement metrics to assess the genuine activity and adoption of a blockchain or specific digital asset. A rising engagement metric suggests increasing utility and user retention, providing valuable context for evaluating the long-term viability and network effects of a project.
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