Bitcoin Network Sees Decline in New Addresses and Miners' Revenue

According to Odaily, the number of new addresses in the Bitcoin network, measured by a 7-day moving average, has seen a significant decline from its near-record high six months ago to its lowest point since 2018. On average, only 275,000 addresses were added to the Bitcoin network daily in the past week, compared to 625,000 six months ago. In addition to the decrease in new addresses, other related indicators have also shown a downward trend. Most notably, miners' revenue, measured by computational power, has fallen to a new historical low. Transaction fees on the network and on-chain transaction volume have also decreased. These changes indicate a slowdown in the overall activity on the Bitcoin network.