Ethereum Addresses With A Non-Zero Balance Reach 84.3 Million

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According to Glassnode, a cryptocurrency on-chain analytics company, the number of non-zero Ethereum addresses has reached an all-time high (ATH).

According to Glassnode, the number of Ethereum addresses with a non-zero balance has reached an all-time high of 84,381,102.

Read also: Mysterious User Buys $1.7 Billion Ethereum Future Contracts In An Hour While Bitcoin Newbies Still Remain In Loss

Ethereum’s Widespread Adoption

Surprisingly, people’s trust in the crypto asset has grown, resulting in widespread adoption. Unsurprisingly, the number of Ethereum addresses with non-zero balances has reached an all-time high.

Ethereum is a crypto project with a lot of utility that developers have widely adopted. Developers believe that the Ethereum network is ideal for projects such as decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn (P2E) games.

Transaction fees in ETH are typically charged to users of these Ethereum-based cryptocurrency projects. This will eventually position the coin for a rally as adoption soars.

Investors are aware of Ethereum’s potential, which has resulted in massive purchases of the asset class as they prepare for a rally.

Related article: Ethereum Co-Founder Says Crypto Will Rise Again After Decline

ETH Price Movement

Ethereum showed investors what it was capable of last year when its price reached an all-time high of $4,878.

Unfortunately, the value of ETH has fallen by 69 percent from its peak. Ethereum was trading at $1,521 at the time of writing.

Santiment, a crypto analytics firm that tracks market data for over 2,000 digital currencies, commented on ETH’s recent price movement, saying:

“#Ethereum had an up and down Sunday, jumping above $1,640 before dipping back down to $1,540. The trading crowd continues to not believe the hype, and is expecting prices to fall heading into the #FOMC meeting. $ETH should continue to stay volatile.”

Meanwhile, ETH adoption has skyrocketed in recent months. The number of addresses holding at least one ETH reached a new all-time high over the weekend.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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