A new milestone has been reached in the crypto sphere, as the number of addresses with Ethereum hit a record high of over 51.4 million before the end of a turbulent 2020 year.
Number of addresses in possession ETH Hits a new high
Per figures of data site Glassnode, there are now 51,491,730 addresses with the aforementioned cryptocurrency as it continues to rise in the context of a rise in the prices of most cryptos in the last weeks of 2020.
The number is significant as there were only 34.7 million addresses with ethereum (ETH) at the beginning of the year, an increase of 48% according to current figures. The ATH of the previous ethereum was set at 51,487,512 addresses that hold the second largest crypto by market capitalization.
On the last day of the year, from press time, markets.Bitcoin.com shows that ETH is trading at $ 739.63, up 0.63% from a day ago, with a market cap of $ 84,363,317,420.4.
Also, the rise in ethereum prices over the year can be attributed to the decentralized financial (defi) frenzy seen in 2020 during the coronavirus pandemic. ETH is also used in most defi apps, increasing the number of addresses with the cryptocurrency.
On December 12, 2020, the number of addresses is not zero ETH reached the figure of 50,476,989, showing a bullish trend that is solid throughout the year. The number of ethereum addresses is still higher than their counterparts.
Latest developments in the Ethereum space
The Chicago Mercantile Exchange (CME) announced On December 16, 2020, CME Group expands the company’s crypto derivatives and plans to launch Ethereum futures amid a growing trend of the second most popular crypto across the board.
Also news.Bitcoin.com reported on a report published by Coin Metrics on Sept. 30, 2020, on how defi is fueling Ethereum’s growth, stating that cumulative ETH fees in 2020 replaced bitcoin’s with a long shot as high gas prices “become the new norm.”
What do you think of this increasing number of addresses in possession? ETH? Let us know in the comments below.
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