Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts
Smart contract platforms have reached all-time highs in active addresses in the face of a price correction – a good sign for the asset class, according to analyst Jamie Coutts. Citing active address data from the analytics platform Artemis, Coutts says that the surge during the current price dip is a positive sign. “The daily active addresses metric for Smart Contract Platforms (SCP) hits an all-time high of 17 million, up from 5 million 12 months ago. Total Mkt Cap is down -35% since March but up 63% from a year ago. This is a healthy correction in a secular bull market.” Source: Jamie Coutts/X According to Artemis’ data, active addresses for Solana have been skyrocketing since late 2023, and have since eclipsed Ethereum (ETH). However, Ethereum still leads Solana in stablecoin market cap, stablecoin transfer volume, total value locked (TVL) and other metrics. Source: Artemis In a new video update, Coutts says that market liquidity is start...