Ethereum Addresses Holding One or More ETH Hits New ATH of 1,174,377
The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377
The increase is due to the progress of ETH2.0 and the potential of staking Ethereum
The popularity of DeFi is also behind the increment of addresses holding at least one ETH
The value of ETH has rebounded from yesterday’s sell-off and is attempting to reclaim $600 once again
The number of Ethereum addresses holding one ETH or more has hit a new all-time high of 1,174,377. DeFi and ETH2.0: Two Reasons Ethereum Addresses are Increasing
Within the tweet, is a chart demonstrating the impressive growth of addresses holding one ETH or more.
Therefore, the growth of the DeFi industry and yield farming is one reason the number of Ethereum addresses owning one ETH or more has reached a new all-time high. The progress of ETH2.0 is therefore another reason crypto investors are looking to own at least one Ethereum based on staking rewards and the possibility of the digital asset gaining value with time.