On-chain data shows the Ethereum daily active addresses indicator has recently registered its second-highest spike.
Ethereum Daily Active Addresses Has Observed A Sharp Spike Recently
According to data from the on-chain analytics firm Santiment, the active addresses metric only achieved a higher value in December 2022. The “daily active addresses” indicator measures the daily total number of unique Ethereum blockchain addresses that interact in some way.
This metric naturally accounts for both senders and receivers. Note that “unique” means that even if an address makes several transactions in a single day, its contribution towards the active addresses metric will remain just one unit.
The benefit of this restriction is that unique addresses can be considered analogous to unique users, so the indicator’s value can provide hints about the amount of traffic the ETH blockchain has received during the past day.
When the metric has a high value, many users are now interacting with
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