Saturday, September 18, 2021
Home Crypto News Analysis Since The Beginning Of The Year Ethereum Added More Than 6.2 Million...

Since The Beginning Of The Year Ethereum Added More Than 6.2 Million Addresses

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Analyst and research firm CoinMetrics tweeted that Ethereum user adoption continues to expand rapidly, and its scale has not been affected by the drop in ETH prices.

Read: Standard Chartered, A British Banking Giant, Released Its First Report On Crypto Predicting Ethereum To Reach $35,000 In Long Term


According to a recent CoinMetrics tweet, a staggering number of over 6.2 million ETH wallets have been added since the beginning of the year with 0.01-1 ETH in them.

 

The team notes that despite the negative impact of the recent Ethereum liquidations, the fundamentals of the coin remain strong.

 

Meanwhile, validators continue to deposit ETH to the Ethereum 2.0 contract. According to data provided by Glassnode, The total value locked in ETH 2.0 has reached a historic peak of 7,534,146 ETH.

 

Earlier this week, SkyBridge Capital founder and CEO Anthony Scaramucci shared his views on the future development of Ethereum. He believes both ETH and Cardano will continue to grow as there are many use cases for them now and will be in the future.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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