New Adoption Rate

Overview

This indicator calculates the percentage of new addresses making their first transaction out of all active addresses on a given day. It provides insight into the share that newcomers make out of total activity, indicating the rate of new user adoption.

The percentage is calculated by dividing the number of new addresses making their first transaction by the total number of active addresses on the same day, then multiplying the result by 100 to get the percentage.

💡 How can I use it?

This indicator provides insights into the growth of the network in terms of new user adoption. A higher percentage may indicate a growing network with increased new user adoption. Conversely, a lower percentage might suggest a mature network with a stable user base.