About 25,000 new addresses were registered on the Bitcoin blockchain in one hour on Wednesday this week, according to Glassnode data. The last time such levels were recorded was in January 2018.
As reported by Glassnode, the average hourly number of registered addresses during the day reached 24,807. In other words, this figure could be even higher at some hours. The record value for new users in 24 hours was reached on December 21, 2017 – then it exceeded 600,000.
A comparable level of registrations was observed in mid-January 2018, when Bitcoin was still near the record highs of about $20,000. During the current week, the value of the first cryptocurrency came close to this value, exceeding $18,000.
The number of addresses is not equivalent to the number of users. It is generally recommended to use multiple addresses for enhanced 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, 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 about 850,000, an increase since the end of 2019, but still below the 2017 peaks.
