Active Addresses
What Is Active Addresses?
The number of unique Bitcoin addresses that were active (either sending or receiving) on a given day. A proxy for daily network usage and user engagement.
How to Interpret
Rising active addresses during bull markets confirms organic adoption. Divergence between price (rising) and active addresses (falling) suggests speculative rather than organic growth.
More Network Adoption Metrics
Script Types
Analysis of Bitcoin transaction types by script format (P2PKH, P2SH, P2WPKH SegWit, P2TR Taproot). Shows the adoption rate of newer, more efficient transaction formats.
Inscription Metrics
Tracking of Bitcoin inscriptions (Ordinals/BRC-20) including counts, fees generated, and block space consumed. Measures the impact of NFT/token activity on the Bitcoin network.
Transfer Volume
The total USD value of Bitcoin transferred on-chain during a given period. Measures the economic throughput of the Bitcoin network.
Fee Ribbon
Multiple moving averages of daily miner fee revenue, creating a ribbon-like visual. Helps identify sustained trends in block space demand and network adoption.