Cryptocurrency
Ethereum Activity Metric Hits Highest Level for 2 Years
As reported by CoinDesk, “Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. “The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm Glassnode. “Active addresses […]
As reported by CoinDesk, “Levels of activity on Ethereum have peaked to their highest in two years, going by one metric.
“The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm Glassnode.
“Active addresses are the number of unique addresses that are active in the network either as a sender or receiver. Glassnode takes into account only those addresses that were active in successful transactions.
“As of Monday, the seven-day average was down slightly to 390,162. That’s still a 115% growth from the low of 180,750 seen on Jan. 30.
“The increased ether activity could be associated with the explosive growth of Ethereum-based decentralized finance (DeFi) platforms, as well as the number of daily tether (USDT) transactions on the network…”