The crypto analytics firm IntoTheBlock has declared that Ethereum (ETH) has reached a significant “milestone moment” in the world of crypto adoption. This achievement is marked by Ethereum surpassing 100 million addresses with a balance. Notably, IntoTheBlock’s assessment takes into account addresses with balances greater than 0.00001 ETH, in contrast to the broader count of non-zero ETH addresses reported by fellow analytics firm Glassnode back in July.
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As of the present moment, ETH is trading at $1,569. This second-ranked cryptocurrency, based on market capitalization, has witnessed a decline of over 67% from its all-time high of over $4,800 reached in November 2021.
IntoTheBlock also highlights that Ethereum is currently processing approximately 961,000 daily transactions on average, marking a 36% decrease from its peak level of 1.51 million.
In comparison, Bitcoin (BTC) records around 273,000 average daily transactions, which reflects a 53% reduction from its all-time high of 586,000.
According to the analytics firm, the average holding period for Bitcoin is 4.2 years, which is twice as long as that of Ethereum. They state, “Did you know that the average holding time for Bitcoin is 4.2 years? That’s twice as long as ETH and Doge!”
BTC is currently valued at $28,680. This leading cryptocurrency in terms of market capitalization has experienced a decline of over 58% from its all-time high of over $69,000, achieved in November 2021.