The number of Ethereum addresses with a balance greater than zero hit a new all-time high, just as it did around this same time last year.
There are now 71,364,788 addresses that hold some amount of the second-largest cryptocurrency by market capitalization, according to on-chain data from Glassnode .
As of December 30, 2020, that number had also reached a record high of 51,491,730. Since then, it has risen 38%. At that time, this happened thanks to a healthy market driven by institutional investors and the popularization of decentralized finance ( DeFi ).
The NFT boom
But it's very likely that the non-fungible token ( NFT ) market is playing a big role this time around. NFTs, blockchain-developed tokens that can prove ownership of anything, have soared in popularity this year as they have become more common, particularly in the art world.
There's a good reason why NFT was named the biggest story in the crypto industry this year – a phenomenon that has likely brought extra attention not just to Ethereum, but to the rest of the crypto world as well.
Most NFTs are issued on the Ethereum blockchain (although other blockchains like Solana are gaining traction) and to buy and sell NFTs, you need an Ethereum address — or wallet.
Matt Aaron, project leader at UniWhales DAO, an organization that develops DeFi research and analytics tools, told Decrypt: “NFTs have played a big role in adding new wallets and users to the Ethereum ecosystem. For much of the year, OpenSea transactions were demanding more gas than any other dapp (decentralized application).”
The number of ETH addresses with a balance above zero has grown steadily since 2017, while BTC addresses with a balance above zero have risen and fallen over the years.
*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co .
The post Number of Ethereum addresses with balance greater than zero reaches record 70 million first appeared in Portal do Bitcoin .