Increasing number of new Ethereum addresses despite a low price increase - how does this affect the future of ETH?

Von Krypto News Österreich

Neue Ethereum-Adressen nehmen zu Bei der Fokussierung auf die Einsatz- und Preistrends von Ethereum übersieht man leicht andere wichtige Kennzahlen. Allerdings werfen aktuelle Daten von Santiment Licht auf einen Aspekt, der sich langsam abzeichnet: das bemerkenswerte Wachstum des Netzwerks. Die Daten deuten auf einen stetigen Zustrom neuer Benutzer hin, die dem Netzwerk beitreten, was auf eine mögliche Ausweitung der Marktkapitalisierung hindeutet. Eine genauere Betrachtung der Grafik ergab, dass allein zwischen dem 1. und 7. Juli über 580.000 neue Adressen erstellt wurden. Dieser bemerkenswerte Anstieg unterstreicht die zugrunde liegende Stärke und vielversprechende Entwicklung von Ethereum. Der ETH-Börsenrückgang Den neuesten Daten von …
New Ethereum addresses are increasing when focusing on Ethereum's trends and price trends. However, current data from Santiment Licht throw on an aspect that is slowly becoming apparent: the remarkable growth of the network. The data indicates a steady influx of new users who join the network, which indicates a possible expansion of market capitalization. A closer look at the graphic showed that over 580,000 new addresses were created between July 1 and 7. This remarkable increase underlines the underlying strength and promising development of Ethereum. The ETH decline in the exchange of ... (Symbolbild/KNAT)

New Ethereum addresses are increasing

When focusing on the operational and price trends from Ethereum, one easily overlooks other important key figures. However, current data from Santiment Licht throw on an aspect that is slowly becoming apparent: the remarkable growth of the network.

The data indicate a steady influx of new users who join the network, which indicates a possible expansion of market capitalization. A closer look at the graphic showed that over 580,000 new addresses were created between July 1 and 7. This remarkable increase underlines the underlying strength and promising development of Ethereum.

The ETH-IPO decline

According to Coin Market Cap, Ethereum kept impressive 19 % of the total market capitalization of cryptocurrencies. It consolidated its position as the second largest cryptocurrency, only exceeded by Bitcoin, which claimed over 49 %. Despite the market dominance, ETH owners actively deducted their stocks from the stock exchanges.

The graphic from Santiment showed that the range of Ethereum on the stock exchanges in relation to the overall offer was only 9.1 %. This indicates that less than 10 % of all ETH remained on stock exchanges, while most of the storage methods were shifted. A further analysis of the diagram showed that at the time of printing, about 11.3 million ETH were held on the stock exchanges, which indicates a visible decline. This withdrawal trend underlines the growing preference of Ethereum owners for alternative storage solutions and reflects their trust in the long-term value of their stocks.

The Ethereum Prize sinks because TVL dominates

According to Defillama data, Ethereum claimed its position as a leading blockchain in relation to the Total Value Locked (TVL) compared to other chains. At the time of this letter, the entire TVL of all chains was $ 44 billion, with Ethereum had $ 26 billion.

This meant that Ethereum kept more than half of the entire TVL on the market and thus demonstrated its dominant presence in decentralized finance. However, ETH has seen a decline lately. Nevertheless, there was signs of possible recovery at the time of this letter. Ethereum was traded at around $ 1,864, which corresponds to a slight increase in almost 1 % compared to its previous value.

Overall, the data shows that Ethereum continues to grow strongly and claims its position as one of the leading cryptocurrencies. The constant growth of new addresses and the decline in ETH on the stock exchanges show the growing trust of investors in the Ethereum platform. Despite a temporary drop in price, the current market data also indicate a possible recovery. It will be exciting to see how Ethereum will develop in the coming weeks and what effects the Ethereum Merge will have on future development.