Ethereum Addresses Reach All-Time High
The number of addresses on the Ethereum network with a balance has hit a new all-time high of 104,076,868, signaling the growing adoption of Ethereum. This surge can be attributed to the rise of decentralized finance (DeFi) and its ecosystem.
- Ethereum addresses with a balance now exceed 104 million, while Bitcoin addresses with a balance stand at around 48 million.
- Ethereum’s adoption has been fueled by the DeFi space.
- Over 4.3 million ETH, out of the total circulating supply of 120 million, have remained dormant for seven to ten years.
- Bitcoin also has a significant amount of dormant holdings, with 5.67 million BTC untouched since at least 2017.
- PayPal recently announced the launch of a stablecoin called PayPal USD (PYUSD) on the Ethereum network, showcasing its interest in the Web3 and digital-centric payments.
In conclusion, the increasing number of Ethereum addresses with a balance highlights the growing adoption of Ethereum, driven by the DeFi space. Furthermore, the presence of a significant amount of dormant holdings in both Ethereum and Bitcoin suggests long-term faith and strategic holding patterns by investors. PayPal’s decision to launch a stablecoin on the Ethereum network further reinforces the importance of Ethereum in the digital payments industry.
Hot Take
The surge in Ethereum addresses with a balance and the growth of the DeFi ecosystem demonstrate the increasing popularity and utility of Ethereum. As more individuals and institutions join the Ethereum network, we can expect further innovation and development in the decentralized finance space. The long-term faith shown by investors through dormant holdings also highlights the confidence in Ethereum’s future potential. With PayPal’s entrance into the Ethereum ecosystem, we may witness even greater integration of digital payments and Web3 technologies in the near future.
By
By
By
By
By