Daily Active Addresses (DAA) is an on-chain metric quantifying the number of unique cryptocurrency wallet addresses that have initiated or received a transaction on a specific blockchain network within a 24-hour period. It functions as a proxy for network utility and user engagement.
Mechanism
The mechanism involves continuously scanning the blockchain’s transaction ledger to identify all addresses participating in value transfers during the defined daily window. Duplicate occurrences of the same address are consolidated to ensure only unique addresses are counted, providing a precise measure of active network participation.
Methodology
Analyzing DAA involves tracking its trajectory over time, comparing it against price movements, and benchmarking it against other blockchain networks to assess the fundamental health and adoption rate of a crypto asset. This methodology offers insights into genuine network usage versus speculative activity, informing investment decisions and evaluating the sustained demand for a protocol’s services.
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