Transactions per active address divides the day's economic user transactions by that day's distinct active addresses, drawn as one continuous line from the original Proof-of-Work chain into QRL 2.0. It is an activity-intensity signal popularised by ecosystem trackers like Artemis: a rising line means each active wallet is doing more, while a flat line near 1 means most wallets make a single transaction and leave. Both inputs share the same user-transaction definition (block rewards and protocol transactions excluded), so the ratio reflects genuine per-user activity — though a sharp spike can also signal bot or airdrop concentration rather than organic demand.
Transactions per Active Address
Time range
Transactions per active address
FAQ about this chart
Common questions about this page+
What does transactions per active address show?
It shows the average number of economic transactions each active wallet made on a given day — the day's user transactions divided by its distinct active addresses. It measures activity intensity: a value near 1 means most active wallets transact once, while a higher value means wallets are transacting repeatedly.
How is it calculated?
For each day we divide the economic user-transaction count by the number of distinct active addresses that day. Both come from the same definition used across the adoption charts (block rewards and protocol transactions excluded), so numerator and denominator are like-for-like.
How is the line stitched across the QRL → QRL 2.0 migration?
Each chain keeps its own daily ratio — the values are concatenated at the cutover, never summed. The Proof-of-Work chain's history (back to 2018) forms the spine and QRL 2.0 continues it. Until the migration cutover both chains run on the same calendar dates, so they're shown in parallel (the Proof-of-Work line solid, QRL 2.0 a faint overlay) rather than joined into one line.
What makes the ratio rise or fall?
It rises when a stable set of wallets each transacts more often, and falls when activity is spread across many one-time wallets. Because it is a ratio, it can climb even as raw daily transactions hold steady — that happens when the active-address base shrinks but the remaining wallets stay busy.
Can a high value be misleading?
Yes. A small number of automated wallets — bots, airdrop claimers or a single power user — can push the average up without broad-based demand. Read it together with daily active addresses and stickiness: rising intensity with a growing, sticky user base is healthy; rising intensity on a shrinking base usually means concentration.