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The current trend indicates a significant divergence between crypto prices and adoption rates, with active blockchain addresses increasing dramatically even as prices stagnate or decline. This rise in addresses may be partially attributed to factors like users creating multiple wallets for different applications, as well as automated systems interacting with the blockchain. Even though there are more on-chain addresses, the actual number of unique human users is not growing as rapidly as these figures suggest. This discrepancy highlights the need to look beyond mere metrics and understand the nuanced dynamics of user engagement in the crypto space.