which means it might be one of the best performances during the recovery rally. Some of its on-chain metrics may help gauge the long-term potential.A look at QNT’s growth trajectory in the last 12 months may help create some perspective with regard to the growth it has achieved. For example, daily active addresses have increased substantially in the past 12 months.We did see a surge in the number of daily active addresses in October but this month had the highest address activity.
Transaction volume was notably more distributed than address activity. November last year and this year have so far demonstrated heavy transaction volume.Interestingly, March, June, and August were among the months with the lowest transaction volumes. These were the same months that had the lowest volatility levels, interestingly.
It confirms that Quant was heavily correlated with the rest of the market in terms of organic utility despite the growth in active addresses. In other words, we might see heavy growth for QNT during the next bullish wave.Source: Santiment Well, network growth is a reflection of the network’s utility and organic performance. This latest spike demonstrates the scope of Quant’s potential while giving a rough idea of what to expect from QNT moving forward.Subscribe to get it daily in your inbox.
$QNT for the win