New Funded Addr Cnt

Definition

The sum count of all unique addresses that were newly created and funded (e.g. have a non-zero balance) that interval.

Dictionary

Name
MetricID
Category
Sub-category
Type
Unit
Interval
New Addresses
AdrNewBalCnt
Addresses
Activity
Sum
Addresses
1 day

Details

    Addresses are the user-identifiers in a ledger change.
    New addresses are addresses identified in the blockchain that did not exist prior to the observation period (e.g. 1 day).
    Depending upon how a blockchain stores address information, new addresses might not be funded with any tokens. In other words, they have a balance of zero.
    This metric only accounts for new addresses that have been funded.

Chart

New Addr Cnt showcases all new addresses observed in the network over the previous day, and New Funded Addr Cnt is a subset of New Addr Cnt that only counts addresses with a balance greater than 0.
Source: CM Network Data Charts

Asset-Specific Details

This metric is not available for assets that have full privacy, like Monero and Grin. For assets that have opt-in privacy features, like ZCash, it only takes the non-private activities into account.

Examples

Consider the following example:
    Both Addreses A and Address B are seen on the ledger for the first time.
    Address A was referred by a smart contract application, perhaps as user identifier, but it was not funded or otherwise engaged by the smart contract. Its balance is zero.
    During that same interval, Address B received funds from an exhange for the first time. Its balance is 0.002.
If the above was the only activity observed in the network during that interval, AdrNewCnt would showcase a value of 1. This value only aggregates activity that is economically relevant (Address B), and excludes non-monetary activity (Address A).

Release History

    Release Version: 5.0 (August, 2021)

Interpretation

Like Active Addresses, New Funded Addresses is a popular measure to proxy the number of new users on a blockchain. Unlike New Addr Cnt, this only showcases addresses with a non-zero balance .

See Also

Availability for Assets

AdrActCnt
Last modified 1mo ago