Sending addresses

What is "Sending addresses"?

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

Why are "Sending addresses" important?

Sending addresses indicate active participation in the network and help assess real usage compared with passive holding. Growth in sending addresses indicates increasing transaction activity and network usage. This metric helps traders distinguish speculative holding from actual economic activity, providing insight into the utility and adoption of the cryptocurrency.

How are "Sending addresses" calculated?

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