Number of Addresses Last Active <6M

Number of Addresses Last Active <6 Months measures the total number of ICP addresses that have conducted at least one successful transaction in the past six months. This metric provides a view of recent on-chain activity, highlighting the addresses that are currently engaged with the network.

How it’s calculated

All addresses are analyzed based on the timestamp of their last successful transaction. If an address has participated in a transaction—either sending or receiving ICP—within the last six months, it is included in this metric. Each address is counted once per measurement period, regardless of the number of transactions or transaction volume.

What this metric highlights

This metric offers insight into the recency and continuity of network engagement:

• Rising number: Indicates an increasing number of addresses participating on-chain, which may reflect broader network usage, seasonal activity, or the onboarding of new users.
• Stable number: Suggests consistency in network engagement over time, without significant expansion or contraction of activity.
• Declining number: Could indicate a period of lower transactional activity, temporary dormancy, or that users are consolidating wallets.

Limitations

Several constraints should be considered when interpreting this metric:

• Does not reflect transaction size or economic impact: An address is counted equally regardless of whether it moved a single ICP or millions.
• No insight into holder identity or intent: Addresses could belong to individuals, custodial services, exchanges, DAOs, or automated systems; the metric does not distinguish between them.
• Does not imply behavior trends: A change in the number of active addresses indicates movement in engagement but does not inherently reveal accumulation, distribution, or network sentiment.

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