Ethereum addresses have been on a strong, steady increase since last year, but daily transaction volumes and the number of whales on-chain are decreasing.
New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share.Blockchain intelligence firm IntoTheBlock shared its findings about Ethereum in a Feb. 15 tweet.#Ethereum users growth in a nutshellA good way to track the adoption is by following the number of addresses with a balance- There are 70.4m addresses holding $ETH- Just in 2021, it increased 18.36m. That means the network was growing at a pace of 1.53m addresses per month pic.twitter.com/xnhDw3wHVm— IntoTheBlock (@intotheblock) February 15, 2022
Despite Ether (ETH) reaching two new all-time highs in price in 2021
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