The Ethereum network had 204,571,827 unique addresses as of September 2, an increase of 2,210,529 addresses from the 202,361,298 recorded on August 2. According to Etherscan data, Ether added approximately 71,307 addresses over 30 days.
It should be noted that new addresses do not always show their status as active or the number of users who have joined the network. Individual investors can have many Ethereum wallet addresses.
The increase of Ethereum addresses can be ascribed partly to the Merge upgrade, which will shift the network to a Proof-of-Stake (PoS) blockchain. Ether has recently exhibited signs of surging in anticipation of the upgrade, contributing to a broader market short-term rise in August following the update’s release.
Similarly, signals of an Ether future rally have appeared, with blockchain analytical site Santiment reporting that traders are shorting ETH at their highest level since June 2021.
It would be fascinating to see how the update affects the present bear market, given that most Ethereum investors are losing money. Based on a seven-day moving average, the number of ETH addresses in loss reached a new monthly high of 38,001,366.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
This website uses cookies.