Cryptocurrencies Ranked by Daily Address. Beyond their original function as digital assets, cryptocurrency ecosystems now include active user bases. An indicator of this level of involvement is the number of active addresses that communicate with a blockchain. TradingView has compiled a list of the five most active addresses to shed light on the features and activity of these cryptocurrencies.
1. TRON (TRX)
With 2.253 million active daily addresses, TRON’s network has many users, ranking thirteenth in the cryptocurrency market. The market valuation of TRON is a hefty USD 10.224 billion despite the token price being relatively modest at $0.1171.
The total number of TRX tokens in circulation is 87.313 billion, and the price has increased by 0.69% in the past day. Using TRON, you may host security tokens that comply with SEC regulations, handle payments, and execute smart contracts. It is a versatile blockchain platform ideal for numerous purposes due to its extensive capabilities.
2. Litecoin (LTC)
With over 794,205 unique addresses daily, Litecoin shows consistent user interest and ranks 19th. LTC is worth USD 78.75 and has a market cap of USD 5.877 billion, which shows its importance in cryptocurrency. Investors and users love Litecoin despite its slight 0.87% daily decline. With an impressive 74.629 million coins circulation, Litecoin remains a reliable cryptocurrency and a leading option for various blockchain applications.
3. Bitcoin (BTC)
There are a lot of users and network transactions with Bitcoin, the top digital currency since there are about 685,238,000 active daily addresses. Among cryptocurrencies, Bitcoin’s market value remains at $1.321 trillion despite its high price of $67,021.43. But, in the last 24 hours, the coin’s value fell by 3.41%. At 19.711 million BTC, Bitcoin is still the most valuable cryptocurrency, a digital gold standard, and a solid investment.
4. Ethereum (ETH)
Ethereum, the second-ranked platform, has more than 506.487 thousand daily active addresses, indicating that its ecosystem is heavily utilised. With a price tag of $3,512.42, Ethereum’s market value is still at $421.993 billion, proving its importance in the cryptocurrency industry.
Cryptocurrencies Ranked by Daily Address: Despite this, Ethereum fell 4.32 percent in just one day, which market trends could influence. With 120.143 million coins in circulation, Ethereum is still one of the most advanced innovative contract systems, powering decentralised apps and DeFi protocols.
5. Stellar (XLM)
With about 205,309 thousand daily active addresses, Stellar shows signs of an increasing user base, making it the 36th biggest cryptocurrency. A significant player in the cryptocurrency industry, XLM has a market cap of $2.846 billion with a price of USD 0.0979.
With a supply of 29,074 billion, the token’s value dropped by 2.22% on the last day. Stellar has become a significant player in the cryptocurrency market by facilitating global transactions and offering intelligent contract features.
Conclusion
One way to gauge a cryptocurrency’s popularity and network utilisation is by looking at its daily active addresses. While market valuation and price are certainly relevant, the number of active addresses is a better measure of usability and user engagement. There is a lot of user support for these five top cryptocurrencies, which drive industry innovation and adoption. Keeping tabs on active addresses can provide valuable insights into the progress and future of a cryptocurrency project, whether you’re an investor or simply interested.
