---

Description

The Daily Address Activity metric tracks network engagement, categorizing all unique addresses into active (with outputs) and passive (with inputs). Active addresses are crucial for assessing network health and offer insights into the network's transaction dynamics and overall activity. This metric effectively captures the daily involvement of addresses, providing a vital snapshot of network activity.

We cover ETH and BTC for daily address activity.

---

Use Case

Trader

Traders can use these metrics to determine if active addresses increase (buy signal) or decrease (sell signal).

Analyst

Analysts can use these metrics to develop risk metrics on a network.

Researcher

Researchers can use these metrics to find the correlation between new addresses or addresses with transactions and other data such as ordinal transactions or ETF interest.

---

Methodology

Passive Addresses / Inputs:

1. Daily inputs (addresses and transaction date)
2. Passive Addresses: Number of addresses with an input per day
3. New Inputs: Count distinct of every input address per day on the first instance of an address as an input

Active Addresses / Outputs:

1. Daily outputs (addresses and transaction date)
2. Active Addresses: Number of addresses with an output per day
3. New Outputs: Count distinct of every output address per day on the first instance of an address as an output

All Addresses:

1. Any address that transacted (input or output)

---