Ethereum

Bitcoin Cash

Cryptocurrency

Arbitrum

Daily

<div class="finbold">
 <p class="paragraph">Crypto<a rel="noopener noreferrer nofollow" title="currencies" href="https://thebittimes.com/tag/currencies.html">currencies</a> encompass more than just their current trading price, total market cap, and tokenomics. This groundbreaking technology, that’s behind shifting a trillion-dollar industry, was created to benefit individuals and tackle tangible issues, like the use of peer-to-peer cash systems.</p>
 <div></div>
 <p class="paragraph">Given this reality, the examination of the Daily Active Addresses (DAA) indicator, as accessed on the <em>Santiment </em>screener, can assist in identifying which projects have been actively used, and to what degree. As per the <em>Santiment</em>’s definition, DAA quantifies the count of unique addresses involved in all transactions for each crypto network on a daily basis.</p>
 <p class="paragraph">Finbold analyzed the data delivered by <em>Santiment</em> on October 6, pinpointing the top 5 digital currencies boasting the highest daily active addresses within the preceding 30 days. Here’s what we discovered:</p>
 <ol>
  <li>Bitcoin (BTC): 1.04 million DDA in one month;</li>
  <li>Ethereum (ETH): 423,880 DDA in one month;</li>
  <li>Polygon (MATIC): 221,510 DDA in one month;</li>
  <li>Litecoin (LTC): 218,580 DDA in one month;</li>
  <li>Bitcoin Cash (BCH): 79,500 DDA in one month.</li>
 </ol>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp" alt="Top 5 cryptocurrencies by 30-day Daily Active Addresses (DAA)." class="wp-image-131644" width="834" height="256" srcset="https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp 1024w, https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp 300w, https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp 768w, https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp 1536w, https://cdn.thebittimes.com/images/2023/10/07/7ef71e1556811acc3483178f675b13a0.webp 1738w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption">
   Top 5 cryptocurrencies by 30-day Daily Active Addresses (DAA). Source: <em>Santiment</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-usdt-address-activity-goes-down-while-bitcoin-cash-daa-goes-up-in-ranks">USDT address activity goes down, while Bitcoin Cash DAA goes up in ranks</h2>
 <p class="paragraph">Notably, comparing today’s 30-day Daily Active Addresses with a similar report published on August 25, Tether USD (USDT) has lost its second position, with Bitcoin Cash surging to the top 5 most active <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> networks.</p>
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 <p class="paragraph">It is also worth mentioning that USDT is measured individually on each chain and the second position was previously taken by the stablecoin using <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a>es on the BNB Chain. However, at the time of publication, the BNB Chain is not the most active blockchain per unique <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a>es to move the Tether USD anymore.</p>
 <p class="paragraph">On that, the Ethereum Network is the preferred choice for USDT holders, followed by Polygon, and then the Arbitrum network, a layer-2 blockchain for Ethereum. Nevertheless, above the Tether stablecoin on Arbitrum is Circle USD (USDC) showing higher <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> on Polygon, Optimism, and Ethereum respectively.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="440" src="https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp" alt="Top blockchains moving stablecoins by 30-day DAA" class="wp-image-131645" srcset="https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp 1024w, https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp 300w, https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp 768w, https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp 1536w, https://cdn.thebittimes.com/images/2023/10/07/3b185572d2c234f1c010ab9e4b89b586.webp 1722w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Top blockchains moving stablecoins by 30-day DAA. Source: <em>Santiment</em>
  </figcaption>
 </figure>
 <p class="paragraph">Interestingly, it is possible to note a dominance for peer-to-peer cash <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a>, with Bitcoin, Litecoin, and now Bitcoin Cash in the top 5 by DAA. Showing that there is still a huge demand for on-chain payment systems to be explored in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-5-cryptocurrencies-with-the-highest-address-activity-tbt65404.html">https://thebittimes.com/top-5-cryptocurrencies-with-the-highest-address-activity-tbt65404.html</a></p>

Top 5 cryptocurrencies with the highest address activity

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