Reading time: ~2 m
According to CryptoQuant CEO Ki Yang Joo, activity in the Ethereum network remains consistently high.
The number of addresses sending and receiving funds daily fell by only 7% despite a sharp increase in volatility after the collapse of the UST stablecoin.
As a result of turbulence, the underlying asset of Ethereum – the altcoin ETH fell below $ 2,000. Then the coin recouped a little, but still it is trading below this psychological mark. The cost of ether collapsed by 56% compared with peak values around $ 4868.
The number of active addresses on the network is more than 500,000. They make daily transactions with both ether and tokens deployed in the DeFi, GameFi and NFT ecosystems.
Ki Yang Joo emphasized:
The price of ETH fell by 56%, but the number of active addresses decreased by only 7%. If we consider each address as a user, there are now 551,705 daily active users on Ethereum.
The A16z team came to similar conclusions. According to her estimates, the number of users of the ETH blockchain ranges from 7 million to 50 million.
Ethereum is now at about the same level as the global commercial Internet in 1995. Then the number of users of the World Wide Web was also approaching 50 million.
#number #active #Ethereum #addresses #decreased