There are now more addresses than ever holding some amount of Ethereum, highlighting the increasing adoption of the second-ranked cryptocurrency.
This is after the number of Ethereum addresses with a non-zero attained an all-time high of 71,364,788, as of December 29, 2021, on-chain data by Glassnode indicates.
Although Ethereum tremendous price movement can be attributed to the growth in addresses with some balance, the spike can also be linked to the platform’s utilization in other booming sectors like decentralized finance (DeFi) and non-fungible tokens (NFTs).
