1. PixelPlaygroundHome
  2. Metaverse Insights

ETH non-zero addresses surpass previous record high

• Metaverse Insights • 116 views

It is reported that the number of ETH non-zero addresses has just reached a record high of 94889098, according to Glassnode data.

Data: The number of E…

ETH non-zero addresses surpass previous record high

It is reported that the number of ETH non-zero addresses has just reached a record high of 94889098, according to Glassnode data.

Data: The number of ETH non-zero addresses reached a record high

Interpretation of the news:


Glassnode data has recently reported that the number of non-zero addresses for ETH has reached a new all-time high of 94889098. This is a significant milestone for the Ethereum network, as it indicates an increased level of network activity and adoption.

The number of non-zero addresses refers to the number of unique addresses that hold a positive balance of ETH. This metric is an important indicator of the level of participation and interest in the Ethereum network. It suggests that more people are acquiring and holding Ethereum, and that there is a growing ecosystem of wallet services, exchanges, and DApps.

Moreover, the rising number of non-zero ETH addresses demonstrates the increasing use of the Ethereum blockchain for storing and transferring value. ETH is the native cryptocurrency of the Ethereum network and is used as a means of payment and as a store of value. As more people use ETH and other ERC-20 tokens for transactions, it can lead to increased token demand and price appreciation.

There are several factors that may have contributed to the recent surge in non-zero ETH addresses. The ongoing growth of the DeFi sector, which relies heavily on Ethereum smart contracts and ERC-20 tokens, has likely played a significant role. The rise in popularity of NFTs, which are also based on the Ethereum network and require the use of ETH as a means of exchange, may have also contributed to the increase in non-zero addresses.

In conclusion, the record high number of non-zero addresses for ETH is a positive sign for the Ethereum network and the broader cryptocurrency ecosystem. It suggests that more people are becoming interested and involved in the potential of blockchain technology and that Ethereum remains a reliable and trustworthy platform for storing and transferring value.

Overall, the trend of increasing non-zero ETH addresses is likely to continue as Ethereum continues to grow as the second-largest cryptocurrency in terms of market capitalization.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4453/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/02/2023 04:00
Next 03/02/2023 04:27

Recommended articles