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Ethereum Will Soon Have 100 Million Addresses With Non-Zero Balance – What This Milestone Means for ETH Price


kamiki

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The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022’s bear market, which culminated in the collapse of one of the world’s former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses


Some analysts view the number of Ethereum addresses holding a non-zero balance as a proxy for the second-largest cryptocurrency by market capitalization's broader “adoption”. Viewed through that lense, the continued, seemingly unstoppable rise of the number of non-zero balance Ethereum addresses can be interpreted as a long-term bullish sign for the ETH cryptocurrency.


 

 

 

 

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