New Address Momentum

🔔 Signal: Monthly Activity > Yearly Activity

Early bull markets are often characterized by an uptick in daily new users, more transaction throughput, and increased demand for blockspace.

When the faster 30-day SMA 🔴 of New Addresses breaks above the 365-day SMA 🔵, it indicates a near term expansion in on-chain activity. Sustained periods of this condition are typical of improving network fundamentals, and growing utilization.

Indicator Result

This metric will flash 🟡 when this condition is met, indicating that New Address Momentum is constructive.