The number of ETH addresses holding some ETH Coins has reached 71 million and this number has steadily increased in recent years. Let’s find out more about it in today’s Ethereum news.
The number of ETH addresses with a balance other than zero has reached a new high today, similar to last year at this time. There are now 71,364,788 addresses that hold part of the second largest cryptocurrency by market capitalization, according to Glassnode. The number also hit an all-time high late last year and has since increased by 38%. At the time, we discussed that the rise was due to the healthy market and the rise in institutional investors. But now that the NFT market is huge, we can attribute some of the gains to it this time around. NFTs, or blockchain-based tokens, can prove possession of almost anything and they became more popular this year as they became much more mainstream.
📈 #Ethereum $ ETH The number of non-zero addresses has just reached an ATH of 71,364,788
View metric: https://t.co/beS1MtIgAZ pic.twitter.com/Ocpwnmf1Pt
– Glasnode Alerts (@glassnodealerts) December 29, 2021
Most NFTs are minted on the Ethereum blockchain and to buy or sell NFTs you need an Ethereum address or wallet. UniWhales DAO project leader Matt Aaron, who develops Defi Analytics data tools and research, said:
“NFTs played a huge role in adding new wallets and users to the Ethereum ecosystem. For a good part of the year, OpenSea transactions used more gas than any other dApp. “
The number of non-zero ETH addresses has been growing since 2017, while non-zero BTC addresses have decreased over the years.
As recently reported, Ethereum whales are getting bullish on the SAND metaverse token as they invest in a number of other metaverse tokens as well. The Metaverse tokens spanned various snitchs, but these whales are going bullish on Metaverse tokens like the rest of the room, but one coin is particularly popular with these Ethereum whales who took it to increase their crypto stocks in SAND. Ethereum whales are interested in the Metaverse SAND token, according to data from WhaleStats. The wallet tracker reported that the token became the most traded coin among the top 1000 ETH wallets, flipping the investor’s favorite LINK to get a new title, indicating increasing interest from top ETH holders this area.
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