Bitcoin has just recently blown past a notable milestone by surpassing the one million daily active addresses mark—something that the cryptocurrency hasn’t done since November 2017.
Daily active addresses are defined as the number of unique addresses being used to send and receive bitcoin every day.
It probably doesn’t mean much to anyone interested in only market prices, but it’s an important metric that shows actual, unique transactions on the blockchain.
“When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23,” he added. “Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.”
With over a million unique addresses transacting in bitcoin everyday, the world’s most well-known crypto asset is now posting transaction volumes comparable to some of the world’s biggest brands.