In cryptocurrencies, an address is a unique alphanumeric identifier that is used to receive payments.
In Trezor Wallet, addresses are organized into separate accounts and each can be given a custom label. There is no practical limit to the number of addresses that can be generated. It is considered best practice to use a fresh address for each incoming transaction, as it benefits user privacy. Note that addresses for all supported cryptocurrencies on your Trezor device are derived from your recovery seed.