What is Exchange Addresses Count?
The number of unique addresses making inflow/outflow transactions of exchanges.How to interpret Exchange Addresses Count
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
Link to Our Data
- BTC: Exchange Addresses Count in CryptoQuant Live Chart
- ETH: Exchange Addresses Count in CryptoQuant Live Chart
Related API Endpoints
Query this metric directly from the CryptoQuant Data API:- BTC — Addresses Count
- ETH — Addresses Count
- ERC-20 — Addresses Count