Report: 1.5 million new addresses are added to the Atrium network every month



Despite expanding Atrium’s alternative networks and high fees, about 1.5 million new addresses are added to the Chinese bloc each month, and now the total number of Atrium addresses has reached 70.4 million. However, in addition to reducing the ratio of active to inactive addresses in the Atrium network, it also reduces the number of whales in this digital currency.

According to the Kevin Telegraph, new data shows that in 2021, about 18.3 million new inventory addresses have entered the Atrium network, bringing the network’s monthly growth rate to a staggering 1.53 million. It is noteworthy, however, that during this period the competition between the various networks for a larger market share increased significantly.

Research firm IntoTheBlock shared its findings on the Atrium network with others on February 15th.

The company wrote on Twitter:

The atrium network has grown tremendously. A good way to understand Atrium acceptance is to look at the number of addresses that have this digital currency. They currently own 70.4 million Atrium addresses.

Report: 1.5 million new addresses are added to the Atrium network every month
Graph of the total number of atrium network addresses

Although Atrium managed to reach two new price highs in 2021, the growth rate of new network addresses has little to do with price increases. About 10 million new addresses have been created in this network since October.

While the total number of addresses has increased, the ratio of active to inactive addresses in this network has decreased. In general, as of January 20, 2021, active addresses represent 0.5% of all addresses. On April 25 (May 5, 1400) this ratio reached 1.66%, but on February 15 (February 26) it decreased to 0.86%.

Since the beginning of 2021, the number of whales with more than 1,000 atriums has decreased. Glassnode, an in-house data analyst, said on February 13 that the number of whale portfolios had reached its four-year low of 6,226.

According to Ycharts, average daily transactions on the network have remained stable at around 1.2 million since mid-December. This may be due to higher charges and cheaper and faster alternatives that work in the form of second tier networks and side chains. Some time ago, Sameep Singhania said that the reason for building the Quickswap platform on the Paligan blockchain is the same.

Average number of daily transactions on the Atrium network
Average number of daily transactions on the Atrium network

With the increase in the use of the Paligan network in May, the average daily volume of transactions in this side chain more than doubled the Atrium network. About 3 million transactions are currently made on the Paligan network every day.

Number of daily transactions on the Paligan stock proof network
Number of daily network transactions based on proof of Paligan shares

Users of the SpookySwap team also used the side chain of this team more than the main Atrium network. Spooky Swap is a decentralized exchange (Opera) based on Opera, the solution for the second tier of the Phantom Foundation.

The Spooky Swap team said:

Phantom provides a great opportunity for Diffie users with faster transactions and much lower fees.

In terms of total value of concluded capital (TVL), Atrium remains the leading platform for smart contracts in China’s blockchain space. Data from Defi Llama’s analysis platform show that Atrium is currently far away, with a total locked-in capital value of $ 124.13 billion. The Terra network is in second place with a total capital of $ 15.07 billion.

Report: 1.5 million new addresses are added to the Atrium network every month
The value of the total locked capital in the Atrium and Terra network

Publication Report: 1.5 million new addresses are added to the Atrium network each month for the first time in Arzdigital.

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