Supply Dynamics
Active addresses and on-chain transaction volume track network usage, adoption, and the flow of capital through the Bitcoin economy.
Active Addresses
Number of unique active addresses per day (monthly average). Rising active addresses signals growing network adoption; declining addresses suggest waning interest.
Estimated Transaction Volume (USD)
Estimated total USD value of on-chain transaction volume (monthly average). Spikes in transaction volume often coincide with cycle tops as capital rotates; low volume signals accumulation phases.