The number of Ethereum addresses today has reached an all-time high.

There are now 51,491,730 addresses containing the digital currency Ethereum, according to data websiteglass“.

The number of Ethereum addresses containing an amount of ETH has grown steadily throughout the year.

At the beginning of January, there were 34.7 million addresses holding ETH.

This number has now increased by 48%.

This growth is due to two main things:

• A healthy market driven by institutional investors.
• The massive rise of decentralized finance (DeFi).

Ethereum is the second largest cryptocurrency by market capitalization, so it makes sense that more people will hold even a few during the bull run.

Read:The “1inch” platform launches a cryptocurrency wallet on the iOS App Store…Details here

The price of Ethereum also rose, closely tracking the movement of Bitcoin.

When Bitcoin reached a new record, Ethereum also hit an annual record high of $758, an increase of 20% in the last 24 hours.

The DeFi sector contributed significantly to the increase in the value of the price of Ethereum as well as the increase in its transactions, as most of the decentralized finance projects require the availability of the Ethereum currency to complete transactions.

The number of non-zero Ethereum addresses has been increasing since 2017.

It is different from non-zero bitcoin addresses, which hit the ceiling during 2018, then fell, and are now on the rise again.

Read:Bitcoin hits a new high… Here are the main factors behind this rally

There are now just over 33 million non-zero Bitcoin addresses, an increase of 4.8 million since the beginning of the year.

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