Metric Description:

An active unique address is a unique address that is active in a specific period of time in a cryptocurrency or blockchain protocol. Typically, an active unique address refers to addresses that have performed at least one transaction and/or changed their balance at least once within a day, a week or a month.

Active unique address analysis examines the account activity on a blockchain to understand how investors respond to market events and to identify trends sentiment. This analysis looks at how many unique accounts are actively engaged in the blockchain network and can provide insights into the health and growth potential of the network. This metric provides information about the usage and adoption of a blockchain protocol. An increasing number of active unique addresses indicates that the usage of a blockchain network is increasing. This metric can also be used to track and compare the growth of different cryptocurrencies and blockchain protocols.