Address Activity Comparison of a Few of Crypto's Top Projects

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brianq
Mar 16, 2021


Bitcoin, Ethereum, Binance Coin, and Chainlink have all seen their share of expected growth of addresses interacting on their respective networks. But some have been much more active in contrast to others these past six months.


Below is a chart showing which projects are still showing solid activity through this extended bull run, while others are revealing signs of tapering off in regards to this impactful and predictive metric:

Quick thoughts:

Clearly, Ethereum (in blue) has been showing the most long-term growth among these four juggernaut assets, combined with the least amount of fading.


Bitcoin had its peak right at the beginning of 2021, It hasn't shown a serious decline, but the gradual dropoff back to around 1.10M addresses a day is a concern.


Both Chainlink and Binance Coin have had isolated spikes, with LINK particularly throwing up a caution flag, reverting back to about a 2-month low.




Here's a more zoomed in perspective, for reference:



BTCETHLINKBNB
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brianq
Mar 16, 2021

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Assets from this insight

Ethereum logo

EthereumETH

$ 4011.13

1.87%in last 7d
Bitcoin logo

BitcoinBTC

$ 59001.75

8.26%in last 7d
ChainLink logo

ChainLinkLINK

$ 29.85

13.21%in last 7d
Binance Coin logo

Binance CoinBNB

$ 457.12

6.53%in last 7d

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