Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Ethereum on the Verge of Huge Milestone Following Bullish Start of 2023

Altszn.com by Altszn.com
January 22, 2023
in Ethereum
0
Ethereum on the Verge of Huge Milestone Following Bullish Start of 2023
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses.

Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board.

The S&P 500 Index and NASDAQ Composite have continued their new year rally with crypto prices in tow. The strengthening correlation between crypto prices and stock prices indicates crypto’s maturity and adoption at this stage.

But the reviving Ethereum price action is not the only long-term bullish indicator materializing at the moment. Activity and usage of the Ethereum network keep sailing to new all-time highs.

A Major Milestone

The number of Ethereum addresses with a nonzero balance keeps running higher. It reached a record high of 92.5 million addresses this week, according to fresh data from Glassnode.

Active addresses on Ethereum are also on the rise, with a heavy spike in recent activity.

Active addresses are a measure of the number of unique addresses that are transacted as a sender or receiver. Only those that successfully completed a transaction are counted.

So, Ethereum users aren’t just holding their Ether. They’re using it to run programs on the network. Even though the crypto price winter took out some crypto exchanges and custodians, it has not paused demand for new addresses and transactions.

While the drama and scandal of these crypto startup failures make for some wild headlines, it doesn’t paint a true picture of the progress the crypto ecosystem is making in development, adoption, and usage.

At its current rate of growth, Ethereum addresses could hit the 100 million mark by Q2 2023.

The Ethereum Network Lives

The number of unique Ethereum addresses is seen as a good proxy indicator of the overall level of adoption. It shows Ethereum adoption is on the march.

Day traders aren’t just pushing the line for the Ethereum price up and down on a candlestick chart. People are actually adopting and using decentralized finance applications and paying ETH for gas fees to run them.

Here are some interesting ways people are using Ethereum in a list made by Consensys.

Over at NPR’s Business Desk, David Gura wrote Wednesday:

“The fallout from the catastrophic collapse of crypto exchange FTX is spreading, and a so-called “crypto winter,” which has dragged on for months, shows no signs of letting up.”

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



Read More: news.google.com

Tags: BullishETHEthereumHugemilestoneStartverge
ADVERTISEMENT

Recent

Singapore Kicking Out Unlicensed Firms is Part of Global Trend

Singapore Kicking Out Unlicensed Firms is Part of Global Trend

June 7, 2025
Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

June 6, 2025
How to Earn Passive Income with Peer-to-Peer Lending

How to Earn Passive Income with Peer-to-Peer Lending

June 6, 2025

Categories

  • Bitcoin (4,411)
  • Blockchain (10,535)
  • Crypto (8,473)
  • Dark Web (408)
  • DeFi (7,980)
  • Ethereum (4,426)
  • Metaverse (6,555)
  • Monero (232)
  • NFT (963)
  • Solana (4,867)
  • Web3 (19,500)
  • Zcash (452)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Singapore Kicking Out Unlicensed Firms is Part of Global Trend

    Singapore Kicking Out Unlicensed Firms is Part of Global Trend

    June 7, 2025
    Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

    Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

    June 6, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 105,504.00
    • ethereumEthereum (ETH) $ 2,518.44
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.18
    • bnbBNB (BNB) $ 650.87
    • solanaSolana (SOL) $ 151.53
    • usd-coinUSDC (USDC) $ 0.999708
    • dogecoinDogecoin (DOGE) $ 0.187178
    • tronTRON (TRX) $ 0.279259
    • cardanoCardano (ADA) $ 0.668677
    • staked-etherLido Staked Ether (STETH) $ 2,511.96
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,459.00
    • hyperliquidHyperliquid (HYPE) $ 34.73
    • suiSui (SUI) $ 3.28
    • wrapped-stethWrapped stETH (WSTETH) $ 3,033.53
    • chainlinkChainlink (LINK) $ 13.97
    • avalanche-2Avalanche (AVAX) $ 20.94
    • leo-tokenLEO Token (LEO) $ 9.16
    • stellarStellar (XLM) $ 0.266995
    • bitcoin-cashBitcoin Cash (BCH) $ 409.31
    • the-open-networkToncoin (TON) $ 3.18
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • hedera-hashgraphHedera (HBAR) $ 0.169792
    • usdsUSDS (USDS) $ 0.999687
    • litecoinLitecoin (LTC) $ 88.75
    • wethWETH (WETH) $ 2,518.40
    • wrapped-eethWrapped eETH (WEETH) $ 2,691.56
    • polkadotPolkadot (DOT) $ 4.05
    • moneroMonero (XMR) $ 327.41
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.67
    • pepePepe (PEPE) $ 0.000012
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,462.00
    • pi-networkPi Network (PI) $ 0.623725
    • whitebitWhiteBIT Coin (WBT) $ 31.47
    • aaveAave (AAVE) $ 257.56
    • uniswapUniswap (UNI) $ 6.32
    • daiDai (DAI) $ 0.999212
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 379.30
    • okbOKB (OKB) $ 52.01
    • nearNEAR Protocol (NEAR) $ 2.45
    • aptosAptos (APT) $ 4.74
    • crypto-com-chainCronos (CRO) $ 0.097599
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.17
    • jito-staked-solJito Staked SOL (JITOSOL) $ 182.94
    • ondo-financeOndo (ONDO) $ 0.837253
    • ethereum-classicEthereum Classic (ETC) $ 17.24
    • bitcoinBitcoin (BTC) $ 105,504.00
    • ethereumEthereum (ETH) $ 2,518.44
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.18
    • bnbBNB (BNB) $ 650.87
    • solanaSolana (SOL) $ 151.53
    • usd-coinUSDC (USDC) $ 0.999708
    • dogecoinDogecoin (DOGE) $ 0.187178
    • tronTRON (TRX) $ 0.279259
    • cardanoCardano (ADA) $ 0.668677
    • staked-etherLido Staked Ether (STETH) $ 2,511.96
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,459.00
    • hyperliquidHyperliquid (HYPE) $ 34.73
    • suiSui (SUI) $ 3.28
    • wrapped-stethWrapped stETH (WSTETH) $ 3,033.53
    • chainlinkChainlink (LINK) $ 13.97
    • avalanche-2Avalanche (AVAX) $ 20.94
    • leo-tokenLEO Token (LEO) $ 9.16
    • stellarStellar (XLM) $ 0.266995
    • bitcoin-cashBitcoin Cash (BCH) $ 409.31
    • the-open-networkToncoin (TON) $ 3.18
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • hedera-hashgraphHedera (HBAR) $ 0.169792
    • usdsUSDS (USDS) $ 0.999687
    • litecoinLitecoin (LTC) $ 88.75
    • wethWETH (WETH) $ 2,518.40
    • wrapped-eethWrapped eETH (WEETH) $ 2,691.56
    • polkadotPolkadot (DOT) $ 4.05
    • moneroMonero (XMR) $ 327.41
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.67
    • pepePepe (PEPE) $ 0.000012
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,462.00
    • pi-networkPi Network (PI) $ 0.623725
    • whitebitWhiteBIT Coin (WBT) $ 31.47
    • aaveAave (AAVE) $ 257.56
    • uniswapUniswap (UNI) $ 6.32
    • daiDai (DAI) $ 0.999212
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 379.30
    • okbOKB (OKB) $ 52.01
    • nearNEAR Protocol (NEAR) $ 2.45
    • aptosAptos (APT) $ 4.74
    • crypto-com-chainCronos (CRO) $ 0.097599
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.17
    • jito-staked-solJito Staked SOL (JITOSOL) $ 182.94
    • ondo-financeOndo (ONDO) $ 0.837253
    • ethereum-classicEthereum Classic (ETC) $ 17.24