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New Addr Cnt
The sum count of all unique addresses that were newly created that interval.
- 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.
- As such, a caveat of this metric is that it can be inflated by activity that is not economicallt relevant.
- For new addresses that are funded and are economically relevant, please refer to New Funded Adrr Cnt (AdrNewBalCnt).
Source: CM Network Data Charts
- 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.
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 2. This value aggregates activity that is economically relevant (Address B) as well as non monetary (Address A).
- Release Version: 5.0 (August, 2021)
- Like Active Addresses, New Addresses is a popular measure to proxy the number of new users on a blockchain. However, in blockchains where address creation is cheap, or free, new addresses can still be trivially forged.