2023-10-08 15:32:54
Cryptocurrencies basically embody much more than actual goods, their market capitalization or even their developments. The whole blockchain technology and cryptocurrencies can be used to solve problems and simplify people’s lives. Consider, for example, the simplification of people-to-people payments. Cryptocurrencies with the highest Daily Wallet Activity (DAA) Santiment recently published an analysis of Daily Active Titles (DAA) data to show which projects are most actively used. DAA shows the number of unique addresses that have transacted on that crypto network on a daily basis. On October 6th, the data set was released, according to which the following five cryptocurrencies have the highest number of daily active addresses in the last 30 days. It is not surprising that cryptocurrency is in the first place. 1) Bitcoin: 1.04 million DAA in a month2) Ethereum: 423880 DAA in a given month3) Polygon: 221510 DAA4) Litecoin: 218580 DAA5) Bitcoin Cash: 79500 DAA Looking at the previous months, one thing can be seen for sure, the activity of USDT decreased, while the Bitcoin Cash activity is increasing. Because on August 25, in the similar analysis, Tether USD was still in second place, while Bitcoin Cash was not among the best. It should be mentioned that USDT is measured individually on each chain and previously stablecoin was measured by the number of active addresses on the BNB Chain. However, now BNB Chain is far from the most active blockchain to push Tether USD forward. Currently, the Ethereum Network is the preferred choice for USDT holders, followed by Polygon and then the Arbitrum network, Ethereum’s Layer 2 blockchain. However, with Tether stablecoin, Circle USD (USDC) is showing higher activity on Polygon, Optimism and Ethereum. The bottom line is that cryptocurrencies that provide direct payments between people continue to dominate the market. And this also shows how much demand there is for the creation of payment systems without intermediaries.
1696783157
#cryptocurrencies #highest #daily #wallet #activity
