🗂️ Blockchain Industry | On-Chain Data
· What it is: The number of active addresses counts how many addresses participated in transfers over a period of time. It is often used as one of the indicators of network usage.
· How it works: On-chain data only records publicly occurring transfers. Trades within exchanges and off-chain transactions do not appear in on-chain records.
· In practice: When you see breaking news about “whale activity,” first check who the address belongs to and where the coins ultimately went. Don’t place an order based on the headline alone.
$BTC 82157.88（+0.75%）
· What it is: The number of active addresses counts how many addresses participated in transfers over a period of time. It is often used as one of the indicators of network usage.
· How it works: On-chain data only records publicly occurring transfers. Trades within exchanges and off-chain transactions do not appear in on-chain records.
· In practice: When you see breaking news about “whale activity,” first check who the address belongs to and where the coins ultimately went. Don’t place an order based on the headline alone.
$BTC 82157.88（+0.75%）