Ethereum has been making a fresh attempt at recovery recently. Here’s what on-chain data suggests regarding if this run can be sustainable or not.
Ethereum Network Growth And Utility Have Both Gone Up Recently
According to data from the on-chain analytics firm Santiment, the ETH blockchain has displayed an encouraging trend in Daily Active Addresses and Network Growth recently. These two indicators are used to track the utility and growth of the chain.
The “Daily Active Addresses,” the first of these, measures the unique number of addresses that are taking part in some kind of transaction activity on the blockchain every day.
This unique number of addresses can be considered analogous to the unique number of users participating on the network, so the indicator’s value can provide hints about the strength of traffic Ethereum is witnessing at the moment.
The other indicator of interest here, “Network Growth,” tells us about the daily number of addresses making a transaction o
We współpracy z: https://bitcoinist.com/ethereum-shows-recovery-is-this-rally-sustainable/
