Active ETH addresses reach all-time high of 1.4M

This category includes all transactions that initiate ERC20 contracts, excluding the contracts in the Stablecoins category. The chart below represents the volume of these transactions with the purple areas.

The data demonstrate a visible spike in the number of ERC20 transactions on Dec.9, which marks a new ATH for the category. The previous ATH level was recorded in early August at just above 20%.

Stablecoins

The term stablecoins refer to fungible tokens that have their value pegged to an off-chain asset, either by the issuer or by an algorithm. This category includes over 150 stablecoins, with Tether (USDT), USD Coin (USDC), Terra Classic (UST), Binance USD (BUSD), and DAI (DAI) being the most prominent ones.

The chart above reflects the size of stablecoin transactions to and from ETH addresses. Although it didn’t record a new ATH, the number of stablecoin transactions spiked on the given date. The ATH for this category was recorded in the second half of May.