CryptoMediaClub
Wednesday, July 9, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Ethereum ($ETH) Addresses With a Balance Hit New Record High Above 100 Million.

11.08.2023
A A
0
122
VIEWS
ShareShare

The Ethereum ($ETH) network has achieved a remarkable milestone as the number of addresses with a balance hits an all-time high of 104,076,868, underscoring the network’s growing adoption. This surge in active addresses on Ethereum reflects a significant upswing compared to previous years, according to data from cryptocurrency analytics firm Glassnode.

This upward trajectory is partly attributed to the burgeoning decentralized finance (DeFi) sector and its expanding ecosystem, which has contributed to Ethereum’s rising popularity. The DeFi space has carved out a niche within the broader cryptocurrency landscape, drawing in users seeking alternative financial solutions.

In stark contrast, Bitcoin’s non-zero addresses – those with at least one satoshi – have recently increased to approximately 48 million. However, this figure pales compared to Ethereum’s remarkable tally of addresses with a balance.

While the value of the Ether cryptocurrency has recently stabilized around the $1,830 mark, the number of non-zero Ethereum addresses has exhibited a discernible upward trend in recent times. In 2019, the count stood at around 20 million; by early 2021, it had surged to nearly 50 million. As per market data, this growth coincided with a bullish wave that propelled Ethereum’s price to an unprecedented high of nearly $4,900.

Glassnode’s data further delves into the activity patterns of Ethereum holdings. More than 4.3 million ETH, out of the total circulating supply of 120 million, have remained dormant for seven to ten years. This extended inactivity signifies steadfast faith and strategic holding patterns by long-term investors who believe in the project’s potential.

Shifting the spotlight to the broader cryptocurrency landscape, Bitcoin – the trailblazing digital currency – boasts a substantial portion of dormant holdings. Glassnode’s latest insights reveal that approximately 5.67 million BTC have not been touched since at least 2017. Considering that the total circulating supply of Bitcoin stands at 19.45 million, this data highlights that almost 30% of the currency remains in long-term holding

Notably, Ethereum’s momentum has recently been enhanced by PayPal’s announcement of its stablecoin, PayPal USD (PYUSD), which is built atop the Ethereum network. This strategic move by PayPal underscores its determination to establish a foothold in the thriving realm of Web3 and digital-centric payments.

Ethereum’s network is witnessing a surge in active addresses, propelled by the growing DeFi ecosystem and sustained interest from long-term investors. While Ethereum and Bitcoin exhibit significant dormant holdings, their respective trajectories in the evolving landscape of cryptocurrencies remain influential and closely observed.

The post Ethereum ($ETH) Addresses With a Balance Hit New Record High Above 100 Million. appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC
Blockchain

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
0

Skip to content

Read moreDetails
Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift

Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift

04.07.2025
Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

03.07.2025
Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

03.07.2025
Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

30.06.2025
Load More
Next Post
Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisition

Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisition

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Singapore Minister Warns Public In opposition to Crypto as Fraud Instances Surge

Singapore Minister Warns Public In opposition to Crypto as Fraud Instances Surge

4 months ago
The Bitcoin Tug-of-War: U.S. Loses Grip as Asia Tightens Hold

The Bitcoin Tug-of-War: U.S. Loses Grip as Asia Tightens Hold

2 years ago
XDC on Fire: With a Remarkable 50% Upswing in a Week!

XDC on Fire: With a Remarkable 50% Upswing in a Week!

2 years ago
Pressing Warning: Will U.S. Bitcoin Reserves Set off International FOMO?

Pressing Warning: Will U.S. Bitcoin Reserves Set off International FOMO?

4 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

Trending

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse
All news

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

08.07.2025
0

Tether, the issuer of the world’s largest stablecoin USDT, has made a new investment in Crystal Intelligence,...

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

08.07.2025
AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

08.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz