Bitcoin just passed an interesting milestone today, one we haven’t seen since November 27, 2017. According to CoinMetrics.io, there are now over a million daily active addresses, a number that is defined as the number of unique “from” or “to” addresses used per day.
Kevin Rooke noticed the move and Tweeted:
When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.
Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.
While DAA doesn’t mean much in practice, it’s an important metric in that it shows actual, unique transfers separate from the various direct transfers to and from bigger exchanges. The fact that there are over a million unique addresses transacting on the blockchain is, as they say, good for bitcoin.