More ethereum wallets have more than zero, which means that ETH is becoming more popular all the time.
On-chain data provided by Glassnode shows that ethereum (ETH) continues to flow off exchanges with -$16.6 million left in the last 24 hours alone.
Ethereum is growing all the time
Data from the same source also clearly shows that the number of non-zero addresses just hit an all-time high of 95,104,412, showing significant growth in the ethereum user base.
Still, it’s important to note that this number is unlikely to experience a major downturn and will likely only grow as time goes on, as many addresses that have insufficient ETH to be worth moving count as addresses. other than zero.
Also, the amount of ETH supply that has not moved for seven to ten years is also reached a new all-time high of 3,643,722 ETH. This shows that ethereum, now worth $5.64 billion, has never budged since the protocol’s infancy.
This is a particularly important data point regarding ETH, as it suggests that long-term holders of the cryptocurrency are not selling, despite recent market volatility. This is a positive sign for the overall health of the ethereum ecosystem, as long-term headlines are often seen as a stabilizing force in the market.
Furthermore, the fact that these coins have not moved in such a long time indicates a high level of confidence by long-term holders in the ethereum project and its potential for future growth.
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While ETH has experienced heavy losses during the recent bear market, it is important to note that with its current market cap of $192 billion, it is still worth more than Toyota ($190.8 billion), Walt Disney ($183 .88 billion) or Wells Fargo ($177.74 billion).
The events follow a recent report about ethereum core developers releasing a new software smart contract called EntryPoint that allows wallet accounts to function as smart contracts.
