By achieving 100 million non-zero addresses, the well-known blockchain network has reached a key milestone, underscoring the rising significance of Ethereum (ETH) on the cryptocurrency market. The latest tally, according to information from Glassnode, is an amazing 100,002,270.
This accomplishment occurs at a time when the number of non-zero addresses in Bitcoin has reached a record high of 47.27 million. While BTC still reigns supreme as the biggest cryptocurrency by market capitalization, Ethereum’s accomplishment is especially remarkable since it shows a noticeably greater number of addresses, underscoring the network’s wider appeal and reach.
Undercurrents of Ethereum
Another relevant finding is that there are now 6,268 addresses owning 1,000 or more ETH, which is a 10-month low. This decrease of significant Ethereum investors raises concerns about the distribution of wealth within the ecosystem.
The fact that there are now 100 million non-zero addresses demonstrates that Ethereum is popular, but the number of addresses holding large sums of ETH is declining, indicating that the largest holders are currently selling their holdings. The decline may have been caused by a number of things, including portfolio diversification, profit-taking, or possible worries about market volatility.
Nevertheless, Ethereum’s accomplishment of reaching 100 million non-zero addresses shows the network’s expanding user base and popularity. As things stand, Ethereum keeps securing its place as the top blockchain platform in the cryptocurrency industry.
