Active Addresses

Also known as: Daily Active Addresses, DAA

Count of unique addresses participating in on-chain transactions within a time window. A proxy for network usage.

What it measures

An address is active when it either sends or receives a transaction in the window (usually 24h). It's a rough adoption signal, not a user count — one person can run many addresses, one exchange can batch thousands.

How to use it

Trending up with price → organic growth.
Flat / declining during rally → low participation, vulnerable top.
Sustained bottom → no one is leaving the network, accumulation phase.

Gotchas

Spam transactions (ordinals, airdrop farming) can inflate the metric without real demand.
Compare across weeks, not days — daily noise is huge.