What it shows
New addresses is the daily count of Bitcoin addresses that appear on the network for the first time. An address counts as new on the day it first receives coins or is first used in a transaction. This metric is a basic measure of address growth. The chart plots the daily count over time. Each point is one day. The BTC price sits on the same view for comparison. A short number shows the latest value. The count is not the number of new users.
- Daily new address count
- Latest value display
- BTC price overlay
How to read it
Read the latest count and compare it with the last few months. More new addresses mean more addresses were created or first used. Fewer new addresses mean the opposite. Put the line next to the BTC price to see whether address growth and price moved together. A short spike can come from one event, such as a service that creates many addresses at once. Judge the trend over several weeks. The count says nothing about price direction.
- Read the latest count and compare it with earlier weeks.
- Check short spikes against the days around them.
- Compare the trend with the active addresses page.
What to keep in mind
A new address is not a new user. Wallet software often creates a fresh address for each payment, and exchanges create addresses in bulk. One person can make many addresses in one day. Spam and batch activity can raise the count with no new participants. The count shows address creation, not demand. Use the metric as one view of network growth.
A missing value is not zero. Check the source and time under each data block before you compare numbers.
Questions
What are new addresses in Bitcoin?
New addresses are Bitcoin addresses that appear on the network for the first time on a given day. They show how many fresh addresses were created or first used. The count is a basic view of network growth.
Do new addresses equal new users?
No. Many wallets create a new address for every payment, and services create addresses in bulk. One user can account for many new addresses. The metric shows address creation, so do not read it as a user count.
What is the difference between new and active addresses?
Active addresses count every address that sent or received BTC on a day, old or new. New addresses count only those that appear for the first time. Active addresses show use of the network. New addresses show address creation.