Ethereum User Tsunami: Record 94,000 New Accounts And $32 Million In Staked Funds

2023-11-27 14:45

According to CryptoQuant’s data on November 4th, Ethereum (ETH) achieved a significant milestone. The aggregate amount of funds staked in the Ethereum 2.0 smart contract has experienced a notable surge, reaching a commendable sum of $32 million.

The current increase in value is indicative of a larger pattern in which investors are consistently and proactively investing in ETH, thereby propelling the Ethereum ecosystem to unprecedented levels of growth.

In the broader context of the year 2023, Ethereum’s exceptional performance is clearly observable, as it has contributed a significant $74.5 billion to its market value thus far this year.

The jump in market capitalization recorded at the beginning of the year on January 1 marks a significant gain of 51% from the initial value of $146 billion.

The latest data trends from on-chain sources also reveal a significant rise in the number of new user addresses for Ethereum. This demonstrates the platform’s ability to withstand the unexpected departure of Binance founder Changpeng Zhao and the consequent minor decline in cryptocurrency markets that occurred last Wednesday.

On Friday, Ethereum (ETH) demonstrated a noteworthy resurgence as it successfully regained the price level of $2,100. This quick recovery occurred following the instability caused by the resignation of Zhao and the $4.3 billion settlement with the US Securities and Exchange Commission.

The consistently changing market dynamics draw attention to the possible consequences of the increase in user activity, prompting investors and analysts to observe the trajectory of Ethereum.

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On the hourly chart, the price of Ethereum (ETH) currently resides within the central region of the local channel, indicating a state of equilibrium. This suggests that the market is gathering momentum and preparing for a potential significant price movement in the near future.

Meanwhile, upon examining Glassnode’s New Addresses chart, it becomes evident that there has been a notable increase in the user population of Ethereum. Specifically, the Ethereum network witnessed the creation of 94,451 fresh ETH addresses subsequent to recent news occurrences.

Upon further analysis of the chart, a significant insight emerges: the most recent occurrence of Ethereum witnessing a substantial influx of new participants took place in July 2023.

The provided data highlights a notable increase in interest and engagement within the Ethereum ecosystem, indicating a significant influx of players that has not been observed since the middle of the year.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

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Ethereum (ETH) на Currencies.ru

$ 3077.22 (+0.54%)
Объем 24H $8.745b
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Cегодня L: $3060.73 - H: $3077.22
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ethereum staked funds million aggregate amount commendable

Источник: newsbtc.com

ethereum staked → Результатов: 126


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2021-3-12 16:54


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2021-2-4 16:04


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Over 1.5% of Entire Ethereum Supply Staked on ETH 2.0

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2020-12-9 13:42


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One Percent of Ethereum Supply Already Staked, 6% in DeFi

Over one percent of the entire supply of Ethereum has now been staked on the deposit contract according to co-founder Vitalik Buterin. Staking for ETH 2.0 got off to a slow start when the deposit contract was officially deployed last month, but the target was hit with a late spurt, and the new blockchain launched … Continued The post One Percent of Ethereum Supply Already Staked, 6% in DeFi appeared first on BeInCrypto.

2020-12-7 09:11


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The mainnet launch of the Beacon Chain of ETH 2.0 took place on Dec. 1. Interest is objectively growing as the total number of ETH staked on the network has surpassed one million. Just a few weeks ago, some users were worried that the necessary number of ETH would not reach the threshold for quite … Continued The post Over One Million Ether Already Deposited for Staking on Ethereum 2.0 appeared first on BeInCrypto.

2020-12-5 14:10


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