The number of wallets on the Ethereum network has exceeded 100 million for the first time in five years of the cryptocurrency's existence. This was indicated by the founder of Mythos Capital and crypto-investor Ryan Sean Adams. 

https://twitter.com/RyanSAdams/status/1270109967866105860

He noted that this achievement fully reflects the massive adoption of Ethereum, and compared ETH addresses with bank accounts. Unlike the latter, cryptocurrency wallets are independent of companies and governments, are available anywhere in the world and belong exclusively to their owners. The investor also compared Ethereum to the Internet in its early stages.

“Ethereum does the same for value that the internet has done for communication,” he wrote.

As a comparison, Adams gave a graph of the growth in the number of all sites created on the Internet. This figure reached 100 million only in 2007, 15 years after the mass launch of the Internet.

The research company Arcane Research reported another important achievement of the Ethereum ecosystem - the number of wallets with a balance of 32 ETH is close to 120,000. That is how many cryptocurrencies will be required to launch a validator node on the Ethereum 2.0 network. This figure has grown by 13% over the past year.

A deposit of 32 ETH will allow users of the updated network to earn on staking. However, such an opportunity will appear for holders of smaller amounts, using special services. Technical indicators also indicate a possible increase in the market value of ETH by 200% in the coming months. Brave New Coin analyst Josh Olsevich pointed out that the price of Ethereum has approached the key resistance level of the Ishimoku cloud indicator.

Blockfyre, a research firm, said earlier that Ethereum’s fundamentals are improving at an impressive pace. The famous macro-investor Raul Pal, in turn, suggested that the second cryptocurrency can overtake bitcoin in growth rates.