Ethereum on the edge of a huge milestone after a bullish start to 2023

Ethereum on the edge of a huge milestone after a bullish start to 2023

The price of ETH has recovered in the past few weeks. But that's not the only message that Ethereum helped this month into an interest bully dynamic. The decentralized computer network is approaching 100 million Ethereum addresses.

The crypto prices continue to swell with capital inflows when we enter the second half of January. Positive macroeconomic data continue to act on the assets.

The S&P 500 Index and the Nasdaq Composite have continued their New Year rally with crypto prices in tow. The increasing correlation between crypto prices and share prices indicates the ripening and acceptance of crypto at this stage.

But the reviving price campaign by Ethereum is not the only long -term interest bully indicator that is currently materialized. Activity and use of the Ethereum network continue to sail into new all-time highs.

an important milestone

The number of Ethereum addresses with a credit continues to increase. According to the new data from Glassnode, it reached a record high of 92.5 million addresses this week.

active addresses on Ethereum also increase with a strong increase in the latest activity.

active addresses are a measure of the number of clear addresses that are transmitted as a transmitter or receiver. Only those who have successfully completed a transaction are counted.

Ethereum users don't just keep their ether. You use it to carry out programs in the network. Even if the crypto price winter has affected some crypto exchanges and custodians, he has not interrupted the demand for new addresses and transactions.

While the drama and the scandal of this crypto startup error cause some wild headlines, they do not draw a true picture of the progress that the crypto ecosystem makes in development, introduction and use.

In the current growth rate, Ethereum addresses could reach the 100 million mark by the second quarter of 2023.

The Ethereum network lives

The number of clear Ethereum addresses is considered a good proxy indicator for the general acceptance level. It shows that the introduction of Ethereum is on the rise.

DayTrader not only move the line for the Ethereum Prize on a candlestick chart up and down. People actually take over and use decentralized financial applications and numbers of ETH gas fees to operate them.

Here are some interesting ways how people use Ethereum in a list created by Consensys.

over there at the NPR business desk, David Gura wrote on Wednesday:

"The consequences of the catastrophic breakdown of the crypto exchange FTX spread, and a so-called" crypto winter "that has been going on for months shows no signs of a decrease."

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