Ethereum Active Addresses Hits New High Following ETH All-Time High

2021-4-25 17:20

Ethereum active addresses have surpassed previous highs from January 2018, and November 2020. The new high in activity on the network comes in the same week as Ethereum hit a new all-time high.

The Ethereum network has been busy this week. The world’s second biggest cryptocurrency saw a new all-time high of $2,644 hit earlier in the week. Coupled with the new all-time high, active address on the ethereum network also hit a new high.  

Record number of active ETH addresses

According to cryptocurrency analytics and research company Coinmetrics, active addresses on the network rose to a new all-time high of 771,000 addresses. This number surpassed previous records from January 2018, which saw 735,000 active addresses. As well as November 2020, which saw a new high set at 739,000. 

Each new high has been led by specific market conditions. The rise of Initial Coin Offerings (ICOs) in late 2017 was likely the precursor to accelerated growth on the ethereum network, which saw active ethereum address peak in early 2018. 

November 2020 saw a surge in decentralized finance (DeFi) applications, as well as the popularity of decentralized exchanges (DEX) such as Uniswap begin to take shape.

This culminated in a new all-time high in ethereum active addresses on the blockchain. However it appears that once again the ethereum active addresses have surged.

Ethereum becoming investor friendly

Ethereum has seen predominantly bullish price action over 2021, continuously breaking new highs. The popularity of ethereum continues to grow. Most recently, Rothschild Investments purchased 265,302 shares in Grayscale’s Ethereum Trust, totalling $4.75 million. 

Signalling that investment firms are now looking at expanding from predominantly holding bitcoin, to diversifying into other major cryptocurrencies such as ethereum. 

While the ethereum network is currently struggling with high gas fees, the network is due for several major upgrades this year to mitigate the high costs of transactions. Following the activation of the Berlin fork, the London fork is set to occur in July. Which is likely a strong indicator of more bullish market behaviour towards ethereum in 2021. 

ETH killers cannot compete  

While other blockchain projects look to capitalize on ethereum’s weaknesses. Weiss Crypto recently stated in a tweet that there are currently no ETH killers, nor will there be any for some time. 

The company also stated that other projects trying to compete against ethereum are non-contenders, saying “Many of them do not. The only hope for some of these alternative L1s is to become a sidechain to ETH”.

The post Ethereum Active Addresses Hits New High Following ETH All-Time High appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0012187 (+0.56%)
Объем 24H $0
Изменеия 24h: 0.13 %, 7d: -0.82 %
Cегодня L: $0.0012066 - H: $0.0012233
Капитализация $0 Rank 8594
Цена в час новости $ 0.0147322 (-91.73%)

high ethereum new all-time addresses active eth

Источник: beincrypto.com

high ethereum → Результатов: 126


Ethereum Active Addresses Reach ATH, Here’s What Happened Last Time

On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently.

2022-8-3 22:00


A CBC Casper Tutorial

In order to help more people understand “the other Casper” (Vlad Zamfir’s CBC Casper), and specifically the instantiation that works best for blockchain protocols, I thought that I would write an explainer on it myself, from a less abstract and more “close to concrete usage” point of view.

2018-12-6 04:03


Ethereum Price Analysis: Bulls Continue to Defend ETH Price Above $100 — Can the Momentum Shift in Their Favor in December?

Ethereum had seen a significant price decline totaling over 56% from high to low during November 2018, creating fresh… The post Ethereum Price Analysis: Bulls Continue to Defend ETH Price Above $100 — Can the Momentum Shift in Their Favor in December? appeared first on Invest In Blockchain.

2018-12-4 16:32


AIDUS ICO

The AIDUS Global D-Fund Platform is a decentralized fund market established upon the ETHEREUM network to serve as a professional asset management platform in which global investors and asset management companies are able to use Blockchain technologies and SMART Contracts to safely and transparently create and settle into P2P (Peer-to-Peer) fund agreements.

2018-11-28 14:34


Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the […] The post Bitcoin Tax Payments in Ohio is Now a Possibility appeared first on Ethereum World News.

2018-11-27 13:05


Фото:

Ethereum Vulnerability Could Have Allowed Attackers to Drain Hot Wallets

A recent vulnerability in the Ethereum network could have reportedly allowed hackers to gain massive profits from cryptocurrency exchanges which haven’t set up a Gas usage limit. A Critical Vulnerability A group of researchers discovered a vulnerability in Ethereum which allowed attackers to drain exchanges by burning their ETH on high transaction costs or to benefit directly by minting GasToken.

2018-11-27 02:00


Фото:

A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

2018-11-22 00:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Flips Ethereum In Fees: Will This Last?

On-chain data shows that Bitcoin has flipped Ethereum in another metric, as the transaction fees paid on the BTC network are now higher than those paid on the ETH network. Bitcoin Total Transaction Fees Is Now Higher Than Ethereum’s As pointed out by analyst James Van Straten in a post on X, the Bitcoin transaction […]

Miner Returns 7,626 ETH Wrongly Paid by Bitfinex

A monstrous network fee has been refunded by an Ethereum miner following an erroneous transaction by the DeversiFi decentralized exchange. The post Miner Returns 7,626 ETH Wrongly Paid by Bitfinex appeared first on BeInCrypto.

Ethereum EIP 1559 Development Progresses as Gas Crisis Worsens

In the latest update from developer Tim Beiko, he reports that there have been more bug fixes in the large state testnet for EIP 1559. The testnet aims to re-create conditions similar to the Ethereum mainnet to test whether nodes can handle blocks that are ‘200% full.

Ethereum Flips Bitcoin in Yearly Network Fee Generation

It can be complicated to determine the underlying value of a blockchain-based network, especially when it has no traditional underlying assets to help guide the valuation. The transaction fees generated can, however, be a solid indicator of network activity.