On-chain data shows that Ethereum network-related indicators have turned green, something that could be constructive for the asset this month.
Ethereum Active Addresses & Network Growth Have Registered A Rise
According to data from the on-chain analytics firm Santiment, ETH has closed the month of July seeing positive developments in its underlying metrics. There are mainly two indicators of relevance here: the daily active addresses and the network growth.
The former of these keeps track of the daily total amount of addresses on the Ethereum network that are coming online and taking part in some transaction activity. The latter, on the other hand, measures the total number of new addresses that are being created by users every day.
The daily active addresses can be considered analogous to the number of unique users, whether new or existing ones, that are making use of the blockchain, while the network growth specifically only…
