Mode NetworkMODE

Active addresses daily measures the number of unique addresses that initiated at least one transaction on the Mode network each day. This metric provides insight into daily user activity and engagement on the Mode blockchain. For blockchain networks, active addresses serve as a proxy for active users, as each unique sender address represents a potential user interacting with the network. The calculation approach identifies all unique transaction sender addresses per day using efficient HyperLogLog approximation algorithms for scalable distinct counting across multiple dimensional breakdowns.Learn more