BTC$81,718+0.49% ETH$2,394+0.04% USDT$0.9992+0.02% BNB$719.10+0.47% XRP$1.30+0.54% USDC$0.9998+0.01% SOL$103.51+0.55% TRX$0.3330-0.10% FIGR_HELOC$1.07+5.10% ZEC$1,117-0.87% HYPE$78.33+0.22% DOGE$0.0790+0.04% XMR$590.09+4.33% USDS$1.0000+0.02% WBT$79.78+0.40% LINK$11.96+0.04% LEO$9.04+0.04% ADA$0.2191+0.02% RAIN$0.009203+1.72% NEAR$4.96+1.26% XLM$0.1770+0.17% BCH$272.82-0.56% USDE$0.9996+0.02% LTC$58.66+0.06% DAI$1.00+0.00% UNI$7.16+0.23% AVAX$9.65-0.86% SUI$0.9808+0.70% USD1$0.9994+0.01% CC$0.0998-3.65% GRAM$1.35-0.64% HBAR$0.0856+1.68%
Menu
Home
Assets
Coverage
All assetsEvery research file, largest firstSectorsWhat each category holds and weighsRankingsFourteen leaderboards and what they missHeat mapThe market sized by value, shaded by changeGlobal marketTotal capitalization, dominance and volume
Tools
ScreenerFilter by fundamentals, supply and riskCompare assetsResearch files side by sideSavedThe assets you have starred
Fundamentals
Economics
Fees & revenueWhat users pay, and who keeps itValue lockedCapital deposited in each networkExchange volumeTrading on decentralized exchanges
Networks
Network activityAddresses, transactions and throughputStablecoinsDollar tokens, where they live and what backs themStaking & yieldWhat securing a network pays, after issuance
Valuation
Standardized measures
Valuation ratiosPrice against fees and revenue, limits statedSupply & issuanceCirculating, maximum and the dilution aheadMetric definitionsEvery figure: definition, period, limitation
Institutional
Regulated access
Exchange-traded productsEvery US-listed fund, with a page eachCorporate treasuriesListed companies holding digital assets
Research
Analysis
Research notesShort notes written from stored figuresEvents calendarUpgrades, halvings and policy dates
Risk
Risk frameworkFifty factors in seven familiesSecurity incidentsExploits and failures, with the losses
Learn
Education
Learn libraryEleven tracks, from first principlesGlossaryEvery term in plain EnglishCalculatorsFee drag, dilution and conversion
How this site works
MethodologyHow every figure is measuredData sourcesWho publishes what we showData freshnessWhen each feed last ranAI agentsPrompts that keep an assistant on our dataPublic APIThe same figures, as JSON
News Ask the data About us
Reading options
Guided view

New to markets — prices, yields, market cap? We explain every term as you browse, in plain English. Same data, with the help built in.

Expert view

You already know the market. Just the data — clean, fast and compact, with no extra explanations. This is the default view.

View
Light or dark
Language
Photography PhotographyStill lifeCryptoStudio
Public API

Every figure on this site is available as JSON, with its period and source attached.

Read the API docs
Definition new addressesaddress growthfirst-time addresses

New Address

The count of addresses that appear on a blockchain for the first time during a given period.

Generating a key pair costs nothing and leaves no record, so an address becomes visible only when it first receives or sends value; new address counts measure that first appearance. The series is used as a rough adoption proxy, and it is distorted by several ordinary practices. Bitcoin wallets conventionally generate a fresh address for every incoming payment for privacy reasons, exchanges create deposit addresses per customer and per asset, and eligibility farming ahead of a distribution creates addresses in bulk. As a result new addresses and new people can move in opposite directions, and the metric is most useful when read alongside entity-level estimates.

In practice

A wallet that issues a new receiving address for each payment produces many new addresses for a single user over the course of a year.

The common misunderstanding

New addresses are not new people; privacy-preserving wallet defaults alone can generate hundreds of addresses for one user.

02

Related terms

Active Address The number of distinct blockchain addresses that sent or received a transaction during a chosen…
Address Clustering Grouping blockchain addresses that appear to be controlled by the same person or company so…
Airdrop A free distribution of tokens to a set of addresses, usually selected by past activity, to spread…
Methodology The documented rules a provider uses to define and calculate a metric, including what is counted…
On-Chain Data Information recorded directly in a blockchain's blocks, readable by anyone who runs or queries a…
03

Lessons that use it

Digital Asset DatabaseDigital asset research & education

Assets

All assetsSectorsRankingsHeat mapScreenerCompareSaved

Fundamentals

Fees & revenueValue lockedExchange volumeNetwork activityStablecoinsStaking & yield

Valuation & risk

Valuation ratiosSupply & issuanceMetric definitionsRisk frameworkSecurity incidents

Institutional

Exchange-traded productsCorporate treasuriesEventsResearch notesNews

Learn

Learn libraryGlossaryCalculatorsAsk the dataAI agentsPublic API

About

About usContactMethodologyData sourcesEditorial policyData freshness

Legal

DisclaimersTerms of usePrivacy policy