Ethereum addresses set a new record high
According to analytics service glassnode, the number of addresses in the Ethereum blockchain with more than 0.1 ETH in their balance recently updated an all-time high. That number now stands at approximately 6.823 million.
The Ethereum network has experienced explosive growth over the past few years. This was primarily due to the rise of the DeFi decentralized finance and NFT non-interchangeable tokens segments, which were originally based on the Ethereum blockchain.
This trend has caused the number of addresses with a balance of more than 0.1 ETH to jump to 6 million in 2021 from 3.5 million a year earlier.
The hash rate on the Ethereum network also renewed a few days ago and reached a record high of 1.1 PH/s. This news came on the backdrop of the network's ongoing gradual transition to the proof-of-stake system.
