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Ethereum Eclipse 50M Addresses
According to data compiled by The Block of Etherscan.io, the number of unique Ethereum addresses (not the wallets) has recently surpassed a key and round milestone at 50 million: a monumental result for any network. It is interesting to note that, even in the miserable unprecedented bear market of 2018, the growth of this figure has not slowed down (much), as illustrated in the graph below.
Yet, the current growth prospects of this statistic are far from those seen at the beginning of January 2018, when ETH exceeded $ 1,000, and while the demand for DApps and Ethereum (token) sold through the metaphorical roof . For example, on January 4, while the alternating mania approached its peak, in a single day 352,888 new addresses were created.
Today, around 70,000 new addresses are added to the network every day, which is all but a mere sum, to say the least. This could indicate that tens of thousands of consumers still see the value of what Ethereum has to offer, as the processes have become even cheaper, particularly due to market difficulties.
It's not all the sun and rainbows
While the continued growth of the network is a welcome sight, it's not all sunshine and rainbows, so to speak. As noted by The Block, the number of active or account addresses that send and receive transactions on a daily basis has actually decreased, even if the total addresses have been well up. On January 16, 2018, 719.093 Ethereum addresses the transactions sent and / or received, that same figure is a sad 232.085 on Saturday – not the end of the world, but still a harrowing spectacle.
Worse, the active Ethereum addresses represent only 0.46% for all existing single addresses, far from the 3.5% seen in January.
The number of daily transactions on the network also decreased, from 1,349,890 on 4 January – a seemingly important date in the long-standing history of Ethereum – to 551.916 yesterday. To give some perspective to this last figure, 551,916 daily transactions amounted to 22,996 at the hour, 383 per minute and 6.4 per second – a far cry from what Visa processes.
ETH Posts Lightweight gain in 'Sea Of Green & # 39;
Despite warnings about the current status of Ethereum, Ether has had relatively good performance in the last 24 hours. According to Coin Market Cap, the assets amount to $ 85.5 apiece, while recording a slight gain of 1.2% on the previous day. Although ETH manages to outperform its competitors in Bitcoin (BTC), XRP and EOS by less than 1%, it underperformed a number of other prominent altcoins: Litecoin (+ 7.61%), Bitcoin SV (+ 11.09%) and Maker (+ 7.92%).
At the time of writing, the market capitalization of cryptocurrencies is $ 103 billion, with support for the volume of market moves of $ 10.4 billion (unadjusted).
Title Image Courtesy of Samuel Zeller on Unsplash
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