Receiving addresses

What is "Receiving addresses"?

The number of unique addresses that received cryptocurrency during a specific period. This metric counts only addresses that were recipients of non-zero transactions.

Why are "Receiving addresses" important?

Receiving addresses indicate distribution activity within the network and the onboarding of new users. Growth in receiving addresses indicates an expanding holder base and improved distribution. Along with sending addresses, this helps assess whether the network is in an accumulation or distribution phase. This metric is valuable for understanding capital inflows and potential new demand.

How are "Receiving addresses" calculated?

Receiving addresses are calculated by counting the unique addresses that received at least one transaction during the measurement period.