What is this indicator?
Measures the number of unique addresses that transacted on the network within a given period. A steady rise in this number is usually interpreted as growing real usage and adoption of the network.
How to read the chart
Sharp changes or a move outside this metric's normal range often coincide with important price turning points, and it's used as a secondary confirmation alongside technical analysis.
Practical tip
On-chain data is best used to complement technical analysis, not replace it; interpreting a single metric in isolation can be misleading.