New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike?

Quick Summary:

Related Reading: Bitcoin Sudden Breakdown: Price Falls Below $100,000 Support On January 24th and 25th, Ethereum experienced a rise in daily active addresses, exceeding 200,000—a number not seen since October 2022.

Ethereum Network Activity And User Engagement The increase in daily active addresses is one of the most important measures of Ethereum adoption since it demonstrates that more users are interacting with decentralized apps (dApps) and conducting DeFi transactions.

The increase in addresses shows past patterns seen during times of market instability and price changes, when fluctuations usually lead to more activity on the network.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Ethereum Cryptocurrency Market News Bitcoin ETH Glassnode Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 11:00:44 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 25573430

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