ETH Non-Zero Addresses Reach Record High

03/02/2023 04:24 • Blockchain Briefs • 96 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 ETH non-zero addresses reached a record high

Analysis based on this information:

According to Glassnode data, the number of non-zero addresses on the Ethereum network has just reached an all-time high of 94,889,098. This achievement is a significant milestone for the Ethereum blockchain, indicating the growing adoption and use of Ethereum.

Non-zero addresses are active accounts on the Ethereum blockchain, which hold some amount of ether or have executed a transaction recently. The increase in the number of non-zero addresses on the network is a strong indication of the increased usage of Ethereum, which is fueled by various factors such as the growth in Decentralized Finance (DeFi) protocols, stablecoins, and recent developments in the Ethereum ecosystem.

The rise of DeFi protocols has been one of the most significant drivers of the surge in non-zero addresses on the Ethereum network. DeFi protocols are built on the Ethereum blockchain and allow users to lend, borrow, and trade crypto assets without intermediaries. DeFi is now being used by thousands of people worldwide, which reflects the growing interest and trust in decentralized systems.

Another factor driving the adoption of Ethereum has been the growth of stablecoins. Stablecoins are cryptocurrencies that are pegged to the value of a stable asset, such as the US dollar. They are designed to minimize price volatility, which makes them ideal for transactions, savings, and lending. Most stablecoins are built on the Ethereum blockchain, which has fueled their growth and adoption.

Furthermore, the recent developments in the Ethereum ecosystem, such as the launch of Ethereum 2.0, have contributed to the growing interest in Ethereum. Ethereum 2.0 is the next version of the Ethereum blockchain, which is designed to improve scalability, security, and sustainability. The upgrade will make Ethereum faster, more efficient, and more secure, which will ultimately benefit the entire Ethereum ecosystem.

In conclusion, the record high number of non-zero addresses on the Ethereum network is an indication of the growing adoption and use of Ethereum. Factors such as the growth of DeFi protocols, stablecoins, and the recent developments in the Ethereum ecosystem have fueled the rise of non-zero addresses. As Ethereum continues to evolve and grow, it will undoubtedly attract more users and developers, which will further drive its adoption and use.

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ETH Non-Zero Addresses Reach Record High

Data: The number of E…

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

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