The number of unique entities that appeared for the first time in a transaction of the native coin in the network. Entities are defined as a cluster of addresses that are controlled by the same network entity and are estimated through advanced heuristics and Glassnode's proprietary clustering algorithms. Note that entity–based metrics are based on data science techniques and statistical information that changes over time and are therefore mutable – the data is stable, but most recent data points are subject to slight fluctuations as time progresses. For more information see this article.

The computation of this metric requires statistical information from several days, and is therefore only available with a lag of one week.