New Wallet Growth On-Chain | YTD
October 2nd, 2024
With the first 3 quarters of 2024 behind us, this year is set to close out with significant growth in on-chain activity.
Using new wallets as a proxy for growth, albeit imperfect, new wallets grew by 109m to 338m wallets created for the year through September, compared to 230m for the same period last year.
Whilst the observed growth is great for Web3 and blockchain in particular, where exponential growth occurs, shady characters follow with innovative ways of exploitation. Know the wallet you're touching with Blockchain Bureau.
* New wallets are defined as addresses (excluding contracts or tokens) that sent OR received funs for the first time.