About 25,000 new addresses were registered on the bitcoin blockchain in one hour on Wednesday, data from Glassnode showed. The last time at these levels was in January 2018.
According to Glassnode, the average hourly number of registered addresses during the day reached 24 807. In other words, in some hours this value could be even higher. The maximum value in 24 hours was on December 21, 2017 – then it exceeded 600,000.
A comparable level of registrations was observed in mid-January 2018, when bitcoin was pulling back from record highs of around $ 20,000. During the current week, the value came close to them, exceeding $ 18,000.
The number of addresses is not equivalent to the number of users. It is generally recommended to use multiple addresses for better privacy. At the same time, metrics indicating the growth in the use of the Bitcoin network are considered among the factors that determine its value.
In addition, according to Glassnode, there are now 32.5 million non-zero-remainder addresses. The indicator has grown steadily since March 2018, after a sharp decline in January of the same year.
The number of active addresses is around 850,000, an increase since the end of 2019, but still below the 2017 peaks.
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