Network Growth

Definition

The amount of new addresses that transfered a given coin/token for the first time.

Essentially, this chart illustrates user adoption over time, and can be used to identify when the project is gaining - or losing - traction.

Here's a Network Growth graph for Aragon, which lets anyone create and manage a decentralized organization on Ethereum.

UP until December of 2017, the Aragon network grew by 85-750 new addresses each day, and the price loyally followed.

Then, right around the start of 2018, the network growth slowly began to throttle. It indicated that the Aragon user base was already quite deep, and wouldn't be able to sustain future price growth.

What happened since speaks for itself.

Access

Restricted Access

Measuring Unit

Number of addresses

Data Type

Timeseries Data

Change Metrics

Change Metrics

Frequency

Daily Intervals

Latency

On-Chain Latency

Available Assets

Available for these assets

SanAPI

Available under the network_growth name.

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{
  getMetric(metric: "network_growth") {
    timeseriesData(
      slug: "santiment"
      from: "2019-01-01T00:00:00Z"
      to: "2019-09-01T00:00:00Z"
      interval: "7d"
    ) {
      datetime
      value
    }
  }
}

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