The number of Ethereum addresses that hold ETH is at an all time high. The network’s transaction count remains at an all-time high, indicating that user activity is growing.
On-chain data shows that Ethereum addresses now have a balance of over 68.26 millions. Despite a rocky price history, this number has not fallen in the past year. It is also showing steady growth, with approximately 1.2 million daily ETH transactions. The transaction count reached its peak in May last year at 1.6 million transactions per day. This is despite Ethereum’s recent price trend. The cryptocurrency has fallen 34% since its peak 2 months ago. By comparison, Bitcoin’s nonzero address count recently reached 39 million. The average fee for Ethereum in 2021 is $30. This has made it slow to adopt. Vitalik Buterin has crafted a multi-year roadmap to show how Ethereum can solve scaling problems. Pantera Capital’s CEO sees Ethereum as influencing 50% of all financial transactions.
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