Ethereum Daily Active Addresses
As of
Correlation Score
39.72%
Active Addresses is one of the primary metrics that track the Ethereum network activity. It represents the number of accounts that have recent transactions. The general assumption is that the more people use ether on a regular basis, the more it proves its usefulness as a currency.
The value is computed by going through the blockchain and identifying addresses that have transacted in the last 24 hours.
*Notes:
- Correlation Score is the Pearson correlation coefficient. The number represents the correlation between the Active Wallet count and the Ethereum price.
- Historical data is calculated using the ethereum USD price at the transaction date.