Bitcoin address growth rate data
The year-on-year growth rate in the context of the charts below is calculated using the following mathematical formula:
Growth Rate = (Value in Current Year −Value in Previous Year / Value in Previous Year) ×100%
This formula calculates the percentage change in value from one year to the next. Specifically:
Value in Current Year: This is the value of the metric (total addresses, addresses with balance, or addresses without balance) for the current year being considered.
Value in Previous Year: This is the value of the same metric for the year immediately preceding the current year.
Percentage Growth: The difference between the current year's value and the previous year's value is divided by the previous year's value. This result is then multiplied by 100 to express it as a percentage.
For example, if you're calculating the growth rate of total Bitcoin addresses from 2021 to 2022, and there were 100,000 addresses in 2021 and 110,000 addresses in 2022, the growth rate would be calculated as follows:
Growth Rate=(110,000−100,000 / 100,000) × 100% = 10%
This means there was a 10% increase in the total number of Bitcoin addresses from 2021 to 2022.
BTC Total Addresses YOY Growth:
As shown in the chart, BTC's total address growth rate was high during its early years and has since slowed down but still continues to grow.
The projected growth rate suggests a continued slowing in the rate of decline of BTC addresses, but not a decline in the total number.
BTC Addresses without a balance YPY growth:
As per the primary BTC address data and article, this chart correlates with the Total number of Bitcoin addresses.
Both charts show potential flattening even though the projections hint to a continued decline.
BTC addresses with a balance YOY growth rate:
The data related to BTC addresses with a balance shows more fluctuations compared to the previous two charts. Although the growth is more significant during the early years, the overall growth rate has declined. However, we can observe that the rate has spiked again and could continue to do so. These spikes generally happen during a halvening year and a bull market. This chart may be useful in predicting BTC price movements.