Daily Active Addresses (DAA)
By Cryptomcmillan1 | Updated on May 24, 2020
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain. DAA is useful to measure how active a given blockchain is, and can be more representative compared to tracking number of transactions.
Related Terms
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
Batch Auction
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool.
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