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Felicia Tan
in
Crypto
June 12 11:15

The number of Ethereum addresses has exceeded 100 million

According to Etherscan, the number of addresses of the second most capitalized cryptocurrency reached 100 million. The index, ten times higher than the number of Internet users in 1995, indicates promising prospects for the DeFi- sector, says the founder of the project Defiant Camilla Russo.
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The rate of acceptance of Ethereum exceeds that observed during the formation of the Internet. However, the parameter of the total number of addresses of 100 million should be considered with a certain share of skepticism. Many users have multiple addresses for different purposes. Addresses can be automatically created by trading bots.
A more indicative metric of real usage can be the number of addresses with a non-zero balance. According to Glassnode, their daily growth rate has accelerated and exceeded 100 thousand, and the total number of such addresses has approached 40 million.
Positive dynamics is also observed in stable active addresses. Last week the index jumped to the level of 400 thousand, and 14-day moving average reached its peak since August 2018 at 340 thousand. The share of such addresses was 1% of the total index with a non-zero balance.
As the number of active addresses grows, so does the number of daily transactions. CoinMetrics estimates that 980 thousand transactions were registered on June 2. This is almost three times higher than the same figure for the bitcoin network - 308 thousand.
According to Richard Chen, a partner at venture capital company 1confirmation, the number of users of DeFi-protocols may exceed 150 thousand from the moment of their launch. He came to such conclusions based on Dune Analytics data.
Comparing the value of 200 thousand with the number of all Ethereum addresses with a non-zero balance of 40 million, one can conclude that the potential of the market of decentralized finance has yet to unfold. According to Chen, if current growth rates are maintained, the number of DeFi users will reach 1 million by the end of March 2021 and 10 million by May 2022.
The 40 million active Ethereum users can be compared to the 60 million customer accounts opened with Bank of America, while the second most capitalized cryptotoken is positioned as a global pay platform.
Five years after the formation of the genesis block, the total number of active Ethereum users was 2.5 times greater than the number of those who joined the World Wide Web in the same period since its creation in 198
According to Etherscan, the number of addresses of the second most capitalized cryptocurrency reached 100 million. The index, ten times higher than the number of Internet users in 1995, indicates promising prospects for the DeFi- sector, says the founder of the project Defiant Camilla Russo.
The rate of acceptance of Ethereum exceeds that observed during the formation of the Internet. However, the parameter of the total number of addresses of 100 million should be considered with a certain share of skepticism. Many users have multiple addresses for different purposes. Addresses can be automatically created by trading bots.
A more indicative metric of real usage can be the number of addresses with a non-zero balance. According to Glassnode, their daily growth rate has accelerated and exceeded 100 thousand, and the total number of such addresses has approached 40 million.
Positive dynamics is also observed in stable active addresses. Last week the index jumped to the level of 400 thousand, and 14-day moving average reached its peak since August 2018 at 340 thousand. The share of such addresses was 1% of the total index with a non-zero balance.
As the number of active addresses grows, so does the number of daily transactions. CoinMetrics estimates that 980 thousand transactions were registered on June 2. This is almost three times higher than the same figure for the bitcoin network - 308 thousand.
According to Richard Chen, a partner at venture capital company 1confirmation, the number of users of DeFi-protocols may exceed 150 thousand from the moment of their launch. He came to such conclusions based on Dune Analytics data.
Comparing the value of 200 thousand with the number of all Ethereum addresses with a non-zero balance of 40 million, one can conclude that the potential of the market of decentralized finance has yet to unfold. According to Chen, if current growth rates are maintained, the number of DeFi users will reach 1 million by the end of March 2021 and 10 million by May 2022.
The 40 million active Ethereum users can be compared to the 60 million customer accounts opened with Bank of America, while the second most capitalized cryptotoken is positioned as a global pay platform.
Five years after the formation of the genesis block, the total number of active Ethereum users was 2.5 times greater than the number of those who joined the World Wide Web in the same period since its creation in 1989.