Don’t trust crypto ‘daily active user’ reports; Here’s why
“Daily Active Addresses” is one of the most misused metrics in the crypto space, often creating confusion with “Daily Active Users.” Experts have urged people to stop using “DAA” when evaluating users’ activity for fundamental analyses, and recent data shows why. Often referred to as “daily active users,” the Daily Active Addresses (DAA) indicator measures the number of crypto wallet addresses that performed at least one activity (or transaction) in a day. At first glance, this could be a valuable metric for crypto fundamental analyses, considering users are essential for any ecosystem. However, “addresses” are not the same as “users” – especially true for bot-dominated chains like Solana (SOL) and now Base (ETH). Picks for you Congressman discloses $175 million i...