Tron takes the throne among daily active addresses
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Tron has just ascended to the throne, beating Ethereum and Bitcoin to become the currency with the most daily active addresses, reaching 1.4 million active addresses on January 8.
According to the token terminal dataTron (TRX) is followed by BNB Chain (BNB) with 1.36 million, Polygon (MATIC) with less than 600,000, Bitcoin (BTC) with less than 400,000, and Ethereum (ETH) with 362,000.
The importance of Daily Active Addresses (DAA) as a metric goes beyond numbers; it provides multifaceted insights into the vitality and user engagement within a blockchain network. When discussing Tron’s recent achievement of surpassing Ethereum and Bitcoin in terms of DAA, it is crucial to understand what this metric means.
Daily Active Addresses represents the number of unique addresses actively transacting on the network in a 24-hour period. A large number of DAA may indicate strong network utilization, but it also means that the blockchain is experiencing growth and adoption.
Still, it’s hard to tell how much of this activity is automated, since bots sending transactions and single users controlling many addresses also count as daily active addresses – which is why this metric is called “Daily Active Users” Not entirely true.
Nonetheless, DAA still reflects the level of user participation in the blockchain. The increase in numbers indicates that more and more people continue to discover the value of online services. This participation is critical to the long-term survival and growth of blockchain.
The health and stability of the network can also be measured by DAA. A network that consistently and efficiently processes large volumes of transactions demonstrates its capabilities and reliability, which are key factors in retaining and attracting new users.
