The number of Ethereum non-zero addresses, meaning addresses that hold at least some amount of Ether, just reached an all-time high. According to data from Glassnode, this metric which counts only externally owned addresses just reached an all-time high of 104,127,318. But what does this mean for the price of Ethereum?
Ethereum Non-Zero Addresses Reach New All-Time High
More addresses mean more people are using the network and Ethereum is in the driver’s seat when it comes to most application aspects of the crypto industry. As a result, the Ethereum blockchain has seen the highest growth rate in new addresses in recent years.
This growth has been particularly high as more people flock to decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), the majority of which are built on the Ethereum blockchain.
As of the time of writing, there are now 104,127,318 Ethereum addresses holding at least one wei, the smallest unit of ETH. Just around two years ago in 2021, this metr
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