Tuesday, January 18

Number of Ethereum addresses with balance greater than zero hits record 70 million | Bitcoin Portal

The number of Ethereum addresses with a balance greater than zero hit a new all-time high, just as it did around this same time last year.

There are now 71,364,788 addresses that hold some amount of the second-largest cryptocurrency by market capitalization, according to on-chain data from Glassnode.

As of December 30, 2020, that number had also reached a record high of 51,491,730. Since then, it has risen 38%. At that time, this was thanks to a healthy market driven by institutional investors and the popularization of decentralized finance (DeFi).

O boom dos NFTs

But it’s likely that the non-fungible token (NFT) market is playing a big role this time around. NFTs, blockchain-developed tokens that can prove ownership of anything, have soared in popularity this year as they have become more common, particularly in the art world.

There is a good reason why the NFT was considered the biggest story of the crypto sector this year – a phenomenon that has likely brought extra attention not only to Ethereum, but also to the rest of the crypto world.

Most NFTs are issued on the Ethereum blockchain (although other blockchains like Solana are gaining traction) and to buy and sell NFTs, you need an Ethereum address — or wallet.

Matt Aaron, project leader at UniWhales DAO, an organization that develops DeFi research and analytics tools, told Decrypt: “NFTs have played a big role in adding new wallets and users to the Ethereum ecosystem. For much of the year, transactions on OpenSea were demanding more gas than any other dapp (decentralized application).”

The number of ETH addresses with a balance above zero has grown steadily since 2017, while BTC addresses with a balance above zero have risen and fallen over the years.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.



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