Bitcoin Adds 150,000 Daily Active Addresses in a Month while Ethereum & Litecoin Drops Over 12%


  • BTC active addresses see 12 percent surge while others’ plunge

Dash drops the hardest while EOS the least

An address on blockchain serves the purpose of enabling payments to an entity that has unique information. To put it simply, an address is just a secure identifier. However, filtering potential investment by active address activity on a network provides insight into the overall network value and health.

Technically, a lot of cryptocurrencies use nearly the same format as Bitcoin such as Litecoin, Dogecoin, and Dash that deploy the same cryptographic procedures like ECDSA, SHA 256, and RIPEMD 160 to generate an address.

Now, coming on to the stats, as Bitcoin price gets into the action, the active addresses are also showing considerable movement. During the last just over a month, there has been an uptick of 21.6 percent in Bitcoin addresses.

From over 690,267 on April 1st, 2019, BTC active addresses have grown to 839,388 on May 9th, 2019, a hike of nearly 150,000.

Active Addresses YTD chart, Source: Coin Metrics

As can be seen in the graph, none of the cryptocurrencies’ active addresses comes close to Bitcoin which is on its own journey, remaining above 500k since February. Ethereum, though maintaining above others’ levels is still well below BTC, oscillating around 200k.

Dash Drops the Hardest while EOS the Least

What’s interesting is, Bitcoin is the only one that registered an increase in its active addresses. Dash saw the highest drop of 30.2 percent during this period going from 91,599 to 63,896.

Though no other crypto sees a dump like Dash, Ethereum and Litecoin follow it with 12.6 and 13.9 percent drop. ETH addresses fall from 280.8k to 245.5k while LTC goes down to 68k from 79k.

The active address of Doge, Dash, TRX, and EOS all overlap each other, remaining below 200k for the most part and struggling in the 70k range.

Dogecoins’ current address matches that of Dash’s at about 62k, plunging 10.4 percent from 70k.

Tron sees a drop of 4 percent from 62k to 59.6k and EOS records the lowest drop of just 0.4 percent to 55.9k. However, EOS’s active addresses before the fall at 56k have been less than Tron’s after drop active addresses.

Bitcoin’s price is $57,931.21 BTC/USD exchange rate today. The real-time BTC market cap of $1.08 Trillion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $24.16 Billion and live coin value change of BTC 3.00 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$57,931.2143 change ~ 3.00%

Coin Market Cap

$1.08 Trillion

24 Hour Volume

$24.16 Billion

24 Hour VWAP

$57.56 K

24 Hour Change

$1,737.59

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