- The variety of Ethereum addresses holding one in all extra ETH has hit new highs.
- Metrics website Glassnode places the determine at 1,175,681.
- The quantity has been on the up this 12 months—however nonetheless hasn’t elevated prefer it did in the course of the 2017/2018 bull run.
The variety of Ethereum addresses holding at the least one ETH ($593) has once more hit an all-time excessive. Knowledge launched right now by metrics website Glassnode confirmed that the determine now stands at 1,175,681.
Why? As a result of the price of Ethereum has soared this 12 months and mania across the asset is growing. It’s also the platform most decentralized finance merchandise are constructed on—and 2020 has been the 12 months of DeFi.
The variety of Ethereum addresses holding at the least one ETH has slowly been on the up this 12 months.
In January, the determine stood at 972,924. By June, when DeFi was nicely and really exploding, it had handed 1 million.
Up to now six months, the variety of wallets holding 1 ETH or extra has elevated by greater than 12%.
That may not sound like a lot but it surely reveals that curiosity within the second-biggest cryptocurrency by market cap is rising—and that we’re nicely and really in a bull market.
Nonetheless, we aren’t fairly the place we had been in 2017, when the price of ETH hit an all-time excessive of $1,300. Again then, wallets holding one ETH or extra soared by over 1000% within the area of 12 months.
At the moment, the price of ETH is $594, a rise of 9.5% prior to now week, in keeping with information from CoinMarketCap. The price of Ethereum has sharply risen ever since Bitcoin, the biggest coin by market cap, began rising in October.
The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.