Using cryptocurrencies constitutes a relevant part of their demand and price formation. This use can be measured through different metrics, the network activity or daily addresses activity (DAA) being two.
Notably, Finbold explored the crypto dashboard from the Santiment on December 23, spotting five cryptocurrencies with the highest network activity.
In particular, Bitcoin (BTC) leads this rank with 911,120 Daily Active Addresses in a month, honoring its market cap leadership. BTC is the most valuable cryptocurrency, with a $857.17 billion capitalization.
Interestingly, the second place by a 30-day DAA is Litecoin (LTC), ranked 18th by market cap. Litecoin has 70% of Bitcoin’s network activity (638,820) while having only 0.62% of its capitalization ($5.34 billion).
Crypto dashboard ordered by Daily Active Addresses (DAA, 30d). Source: Santiment
Following the first two, Ethereum (ETH) has 428,330 and is the second-largest cryptocurrency by market value. Polygon (MATIC) comes in fourt
We współpracy z: https://finbold.com/top-5-cryptocurrencies-by-network-activity-to-buy-in-january-2024/
