> For the complete documentation index, see [llms.txt](https://gitbook-docs.coinmetrics.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gitbook-docs.coinmetrics.io/network-data/network-data-overview/addresses/new-addresses.md). # New Addresses ## Address Balances Addresses that hold a balance of X amount for a given asset. ### Contents * [New Funded Address Count (AdrNewBalCnt)](#adrnewbal) * [New Address Count (AdrNewCnt)](#adrnewcnt) ## New Funded Address Count ### **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** | **Unit** | **Interval** | | ------------- | --------------------------------------------------------------------------------- | --------- | ------------ | | New Addresses | [AdrNewBalCnt](https://coverage.coinmetrics.io/search-results?query=AdrNewBalCnt) | Addresses | 1 day | ### **Details** * [Addresses](/network-data/on-chain-basics.md#address) 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](https://coverage.coinmetrics.io/asset-metrics-v2/AdrNewCnt) 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. ### **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, AdrNewBalCnt 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** * [New Addr Cnt](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adrnewcnt.md) * [Address](/network-data/on-chain-basics.md#address) * [Active Addresses (Received)](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adractreccnt.md) * [Active Addresses (Sent)](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adractsentcnt.md) ### Availability for Assets {% embed url="" %} ## New Address Count ### **Definition** The sum count of all unique addresses that were newly created that interval. ### **Dictionary** | Name | **MetricID** | **Unit** | **Interval** | | ------------- | --------------------------------------------------------------------------- | --------- | ------------ | | New Addresses | [AdrNewCnt](https://coverage.coinmetrics.io/search-results?query=AdrNewCnt) | Addresses | 1 day | ### **Details** * [Addresses](/network-data/on-chain-basics.md#address) 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. * 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). ### **Chart** New Addr Cnt showcases all new addresses observed in the network over the previous day, and [New Funded Addr Cnt](https://coverage.coinmetrics.io/asset-metrics-v2/AdrNewBalCnt) is a subset of New Addr Cnt that only counts addresses with a balance greater than 0. ### **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 2. This value aggregates activity that is economically relevant (Address B) as well as non monetary (Address A). ### **Release History** * Release Version: 5.0 (August, 2021) ### **Interpretation** * 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. ### **See Also** * [New Funded Addr Cnt](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adrnewbalcnt.md) * [Address](/network-data/on-chain-basics.md#address) * [Active Addresses (Received)](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adractreccnt.md) * [Active Addresses (Sent)](https://gitlab.com/coinmetrics/front-end/knowledge-base/-/blob/master/docs/network-data/addresses/adractsentcnt.md) ### Availability for Assets {% embed url="" %} ## API Endpoints New Address metrics can be accessed using these endpoints: * `timeseries/asset-metrics` and by passing in the metric IDs `AdrNewBalCnt` `AdrNewCnt` in the `metrics` parameter. {% openapi src="/files/kc3C7O6zTLYNBA0AcsZt" path="/timeseries/asset-metrics" method="get" %} [openapi.yaml](https://2398817338-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MO23j33wWGzm0NrZseN%2Fuploads%2Fgit-blob-a236d0d04b3b155748ce07a17aca8108fce9b7c2%2Fopenapi.yaml?alt=media) {% endopenapi %} {% tabs %} {% tab title="Shell" %} ```shell curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=AdrNewBalCnt&assets=btc&pretty=true&api_key=" ``` {% endtab %} {% tab title="Python" %} ```python import requests response = requests.get('https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=AdrNewBalCnt&assets=btc&pretty=true&api_key=').json() print(response) ``` {% endtab %} {% tab title="Python Client" %} ```python from coinmetrics.api_client import CoinMetricsClient api_key = "" client = CoinMetricsClient(api_key) print( client.get_asset_metrics( metrics="AdrNewBalCnt", assets="btc", ).to_dataframe() ) ``` {% endtab %} {% endtabs %} --- # Agent Instructions This documentation is published with GitBook. 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