Crypto News - Active Ethereum Wallet Addresses Climbs to A New High - Bi...


Crypto News - Active Ethereum Wallet Addresses Climbs to A New High - Bitcoin News

Active Ethereum addresses surged to a new high of 771k.

The number of active Ethereum addresses has climbed to a new all-time high of 771k, breaking previous highs of 739k in November 2020 and 735k in January 2018, according to CoinMetrics.

The Ethereum blockchain has experienced a lot of activity in the past few months. The network settled $1.5 trillion in transactions in Q1. The total value locked on all Ethereum-based DeFi platforms has presently sits at over $54 billion.

High network activity is also evident in the overall number of special addresses. According to EtherScan.io, there are currently over 148.8 million distinct wallet addresses on the Ethereum blockchain.

It is safe to say that the blockchain has seen consistent development in usage since its launch in mid-2015.

Financiers are typically bullish over the future of the digital possession regardless of its present high gas costs. Following the Berlin hard fork, the majority of people are waiting for the implementation of the London upgrade, which will consist of the EIP-1559.

EIP-1559 has been promoted as the service to the network's increasing transaction expenses. And although there is no exact date for the London upgrade, a core designer has provided a quote of July 2021.

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