CRYPTO

On-Chain Data Shows Number of ETH Holders At All-Time High

Share The Knowledge

The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow.

CRYPTO LEVERAGE TRADING
  • According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining steady growth besides the June to August period.
  • Transactions are also trending upward, with the number of daily ETH transactions at approximately 1.2 million. Transaction count peaked in May of last year at around 1.6 million per day.
  • These numbers are remarkably steady despite Ethereum’s recent price trajectory. The cryptocurrency is down 34% from its all-time high just 2 months ago.
  • By comparison, Bitcoin’s non-zero address count only recently touched 39 million. Its on-chain transaction count has also been relatively stagnant over the last four years, hovering near 250k per day.
  • Ethereum wasn’t quite ready for this adoption, however, with average fees above $30 in 2021. Vitalik Buterin has built out a multi-year roadmap for how Ethereum could plausibly solve these scaling issues.
  • Long-term, Pantera Capital’s CEO envisions Ethereum influencing 50% of all financial transactions.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


source

Tagged with:

Similar Posts