Number of Ethereum addresses with more than 1 ETH reaches new ATH

The Ethereum blockchain currently has 1.34 million addresses with at least 1 ETH, which marks a new all-time high, accompanied by an increase in the number of unique addresses and the price of ETH. At the time of writing, ETH is trading at around $ 3,814.

Ethereum address with more than 1 ETH | The source: Glass knot

Ethereum has done very well this year, especially as the market has evolved, released new dApps and introduced some changes to ETH 2.0 in early 2021.

There are several reasons for this increase, both in terms of inventory and the number of unique addresses. In addition to the upgrade towards ETH 2.0, many institutional investors are also entering the market. 2021 is the year many new hedge funds and professional investors look at the crypto market.

Other reasons could be that many new ETH-focused ETFs have been registered, including several DeFi-related filings. These important developments have increased investor confidence in this asset.

Unique Ethereum address | Source: Etherscan

The price for ETH has also almost quadrupled since the beginning of 2021. At the beginning of the year, the price fluctuated at over $ 1,000, but has now risen to $ 3,800. Other important milestones include a dramatic increase in the number of unique addresses on Ethereum, currently 172.8 million. That number is more than double what it was in January 2021.

There is no doubt that Ethereum has made significant strides this year. Some of the biggest features related to ETH 2.0 aren’t even released yet. Blockchain will therefore have even more room for growth in the future. The network has processed over $ 6 trillion in transactions in the past 12 months, another major development.

The use of Ethereum is becoming increasingly popular with many, including large companies. As DeFi and NFT continue to grow, Ethereum’s place in the market is full of potential. The project needs to focus on improving the fundamentals of the network, but the developers will be on the right track with the introduction of ETH 2.0.

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