On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity.
Altcoins Are Observing A Drop In On-Chain Activity
In a new thread on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins has been cooling off recently.
The on-chain indicator of relevance here is the “Active Addresses,” which measures, as its name suggests, the total number of addresses that are participating in some kind of transaction activity on a given network every day.
When the value of this metric rises, it means more users are making transfers on the blockchain. Such a trend implies trading interest in the cryptocurrency may be on the rise.
On the other hand, the indicator witnessing a decline suggests investors may be shifting their attention elsewhere as they are reducing their transaction activity on the network.
Now, here is a chart that shows the trend
We współpracy z: https://www.newsbtc.com/altcoin/altcoin-winter-ethereum-solana-activity-plunges/
