Ethereum Adoption Still Strong: New Addresses See Largest Spike In 27 Months

Ethereum Adoption Still Strong: New Addresses See Largest Spike In 27 Months

On-chain data shows a large amount of new addresses have popped up on the Ethereum network recently, a sign that ETH adoption is occurring. Ethereum Network Growth Registered A Sharp Spike Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Network Growth for Ethereum. […]


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Experts yet to explain massive spike in ETH active addresses

The sudden dramatic spike in active addresses on the network has left many guessing about the cause. On-chain metrics firm Santiment says it is still investigating the cause of a sudden surge of Ether (ETH) active addresses, which have eclipsed the previous all-time high (ATH) by a whopping 48%On Wednesday, the analytics firm tweeted that the number of daily active addresses on Ethereum had suddenly spiked to 1.06 million, shattering the previous high of 718,000 set back in 2018.An active address is one that has made a transaction in the past 24 hours. The number of active addresses can....

Ethereum Sees Surge In Number Of New Addresses – Will ETH Shine This October?

The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform.  Ethereum’s new active wallet addresses climb to a new ATH of 3,001.804  ETH seen to spike in terms of social media engagements and mentions  ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it’s true that this screams a boost in investor interest in the alt,....