Ethereum (ETH) Number of Non-Zero Wallets Prints All-Time High: Glassnode

While the price of Ethereum (ETH) is still down 75% from its all-time high recorded on November 10, 2021, one of its on-chain metrics has reached a record-breaking high.

The number of non-zero wallets on Ethereum (ETH) hits a new record of over 83 million

Ethereum (ETH), the most popular smart contract network and second largest blockchain, sees one of its most important indicators breaking a new record.

I #ethereum $ETH The number of non-zero addresses is currently 83,662,470. has reached the ATH of

View metrics: https://t.co/beS1MtIgAZ pic.twitter.com/jgMy3t4HbO

— glassnode alerts (@glassnodealerts) 9 July 2022

As of today, July 9, 2022, over 83,662,470 wallets on the Ethereum (ETH) blockchain have non-zero balances, according to Glassnode, the leading on-chain analytics service.

Typically, this network grows over time along with DeFi and dApps adoption. Not only the wallets of retail users are registered on this metric, but also the automatically generated addresses used in DeFis.

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This indicator stopped rising only once in Ethereum’s history: the net number of non-zero addresses declined after the May 2021 Ether (ETH) price high.

Ethereum (ETH) is ready to activate the merge in the latest testnet; What will happen next?

Meanwhile, Ethereum (ETH) is nearing its most important milestone in years, The Merge. The upgrade is set to move the Ethereum (ETH) blockchain from proof-of-work consensus to proof-of-stake.

On July 7, 2022, The Merge was activated on the new Ethereum (ETH) testnet, Cepolia. In the coming weeks, The Merge is expected to arrive at GoErly – the final test network before mainnet activation.

Ethereum (ETH) is changing hands at $1,218, up 1.2% over the past 24 hours on the leading spot trading platform.