Active addresses of algorithmic stablecoin on June 26, 2022
Algorithmic stablecoins attracted only a few daily active addresses in June 2022, with TerraClassicUSD being the biggest. The metric of active addresses is the closest thing available in the cryptocurrency world to active users. Within the blockchain, addresses are assigned to digital wallets so as to reliably ensure a transaction. An address can become active only within a set period of time, essentially allowing a user to make transactions. Successful transactions are then recorded and made visible on the blockchain with that address - although one cannot re-trace the exact location or who is the owner of that specific address.