Share of profitable ETH addresses exceeds total number of BTC holders

by in Cryptocurrency News

Ethereum

Ethereum (ETH) on the night of February 17 is trading at $3,000, however, against the backdrop of a market correction, the altcoin may fall below this psychological mark again shortly.

Nevertheless, the accumulation of ETH continues. The number of addresses with a non-zero balance set a new record (75.224 million).

A surge in cryptocurrency accumulation was observed in the second half of last year. In total, from January to December, 18.36 million new Ethereum wallets with different amounts of cryptocurrency were registered on the network.

Trending: Pakistani authorities will collect taxes from traders and crypto companies

Interesting data is provided by the IntoTheBlock team. Her report states that there are now 52.6 million profitable addresses on the Ethereum network. That is even higher than the total number of bitcoin holders (39.38 million).

The share of users of the DeFi decentralized finance market on the ETH blockchain is only 2.3% of the total number of unique Ethereum addresses, analysts at Arcane Research found out.

All categories of investors are engaged in the accumulation of cryptocurrency. According to Santiment, the whales have been active since mid-autumn last year. Since October 1, they have purchased 1.54 million Ether ($4.8 billion). Wallets with a balance of 100,000 ETH or more have accumulated 52.7 million coins by mid-February, totaling more than $164 billion.