Address Cohort Growth

Address Cohort Growth tracks the increase in the number of wallets within specific balance ranges, such as "shrimp" or "whale" categories. By monitoring how these cohorts grow or shrink over time, analysts can identify changes in the demographic makeup of an asset's user base.

A growing number of small addresses often signals retail adoption, while an increase in large addresses indicates institutional or high-net-worth accumulation. This metric helps in understanding the distribution of wealth within a network and the potential for future selling pressure.

It is a foundational indicator for evaluating the health and decentralization of a blockchain project. Consistent cohort growth is a sign of a maturing network.