Activation of ETH 2.0 led to an increase in the holders of the Ethereum

By World Crypto | World Crypto | 3 Dec 2020

The number of Ethereum addresses with one or more coins continues to grow after the successful activation of ETH 2.0. This is evidenced by data from Glassnode.

The researchers found that the number of wallets with 1+ ETH reached 1.174 million.December 3, the number of non-zero Ethereum addresses exceeded 50.178 million.

If you look at the graph presented by analysts, you can see that the number of wallets with different cryptocurrency volumes has been increasing since January 2020. Even the notorious March collapse failed to break the positive trend.

One of the factors stimulating the accumulation of altcoin is the growing market for DeFi decentralized financing. The capitalization of tokens in this ecosystem has increased by 2000% since January 2020.

The ETH rate has grown to $613 over the past 24 hours, the capitalization of the largest altcoin is now just over $69.644 billion.

Note that the first block in the updated Ethereum network was mined the day before. The developers promise that ETH 2.0 will become a more efficient blockchain, which will speed up the processing of transactions.

One of the founders of Ethereum and the head of the startup ConsenSys, Joseph Lubin, said that in the near future, ETH 2.0 will finally "absorb" ETH 1.0.

The Santiment team predicts that the price of Ether will continue to rise as altcoin holders become more active. As the quality of the network improves, the number of new ETH holders will periodically update the highs.

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World Crypto
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