Exchange Addresses Count
The number of unique addresses making inflow/outflow transactions of exchanges.
Definition
The number of unique addresses making inflow/outflow transactions of exchanges.
Metrics | Description |
Addresses Count Inflow | The number of the token addresses making inflow transactions to the exchange. |
Addresses Count Outflow | The number of the token addresses making outflow transactions from the exchange. |
Interpretation
Considering that it costs fees to send from wallets to different number of wallets, active exchange address count indicates the closest meaning to the number of investors that are involved in exchange related transactions.
This naturally leads to possible interpretation of correlating exchange address count to the level of attention of trading investors.
By value itself
It shows whether few or large numbers of investors are involved in transaction.
High : Large number of investors are accountable for Exchange In/Outflow & Netflow
Low : Small number of investors are accountable for Exchange In/Outflow & Netflow
By examining trend
It shows the level of Exchange Activeness & Volatility
Increasing trend : expanding interest and activeness
More people are participating in exchange flows indicating expanding interest and activeness of exchange trading leading to possible volatility
Decreasing trend : diminishing interest and activeness
Less people are participating in exchange flows indicating diminishing interest and activeness of exchange trading leading to possible decreasing volatility
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