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On-Chain Data Shows Number of ETH Holders At All-Time High

Summary:
The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow. According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining steady growth besides the June to August period. Transactions are also trending upward, with the number of daily ETH transactions at approximately 1.2 million. Transaction count peaked in May of last year at around 1.6 million per day. These numbers are remarkably steady despite Ethereum’s recent price trajectory. The cryptocurrency is down 34% from its all-time high just 2 months ago. By comparison, Bitcoin’s

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The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow.

  • According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining steady growth besides the June to August period.
  • Transactions are also trending upward, with the number of daily ETH transactions at approximately 1.2 million. Transaction count peaked in May of last year at around 1.6 million per day.
  • These numbers are remarkably steady despite Ethereum’s recent price trajectory. The cryptocurrency is down 34% from its all-time high just 2 months ago.
  • By comparison, Bitcoin’s non-zero address count only recently touched 39 million. Its on-chain transaction count has also been relatively stagnant over the last four years, hovering near 250k per day.
  • Ethereum wasn’t quite ready for this adoption, however, with average fees above $30 in 2021. Vitalik Buterin has built out a multi-year roadmap for how Ethereum could plausibly solve these scaling issues.
  • Long-term, Pantera Capital’s CEO envisions Ethereum influencing 50% of all financial transactions.

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