- The total number of addresses on June 6 was 207,606,780.
- ETH price at the time of writing – $ 1,797.71
- The total value of Ethereum trapped in decentralized finance has shrunk by 35%
Despite the crypto money market moving back and forth between red and green, it’s fighting for a bullish streak, but one of its key resources, Ethereum (ETH), is a myriad of new addresses. Is collecting.
In particular, according to information about cryptographic dunes recovered by Finbold on June 8, the organization adds about 500,000 new addresses each week, making it a staggering 200 million places in total. increase.
Other Ethereum measurements during destruction
At the same time, as Finbold elaborated earlier, Ethereum’s total valuation lock (TVL) in decentralized finance (DeFi) shrank 35% in May, ignoring the new address expansion. In addition, market capitalization dominance has fallen sharply as well, dropping to 17.74% on June 6, the lowest since October 2021.
Meanwhile, the Ethereum exchange fell to a low for the first time in 18 months in late May, with the number on May 30 approaching 43,000 (due to normal seven-day movements). On June 8th, Glassnode’s alarm Twitter channel reached a 19-month low of 41,458 as Ethereum moves continued to decline in number.
As it stands, Ethereum has been exchanged for $ 1,808, up 1.37% on the day but down 5.20% last week.
On June 7, Finbold investigated the local area of cryptocurrencies at CoinMarketCap and predicted that by June 30, computerized money would normally be exchanged for $ 3,140. It is not yet clear if these predictions will come true.
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Ethereum London Hard Fork
The Ethereum network is suffering from high replacement fees and is frequently squeezed during appeals. In May 2021, the organization’s normal replacement fee exceeded $ 71.72.
Despite the high cost of exchange, the main altcoin experiences diversity issues as well.
As currently referenced, there are plans to proceed to the Proof of Stake calculation to support stage diversity and add various new highlights. The Progress Group has previously begun an interaction of progress towards ETH 2.0 and has undertaken several redesigns along the way, including a hard fork in London.
The London overhaul took place in August 2021. This includes five Ethereum Improvement Proposals (EIPs), specifically EIP-3529, EIP-3198, EIP-3541, and most notably EIP-1559 and EIP-3554.