Tuesday, August 9, 2022
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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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.


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