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Ethereum Adds Over 6.2 Million Wallets with 0.01-1 ETH Since Early 2021, Despite Price Drop

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Fri, 09/10/2021 - 13:15
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Yuri Molchan
Recently shared analytics data shows that retail users continue to acquire Ethereum on a large scale year-to-date
Ethereum Adds Over 6.2 Million Wallets with 0.01-1 ETH Since Early 2021, Despite Price Drop
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Analytics and research company CoinMetrics has tweeted that Ethereum user adoption keeps expanding fast, and its large scale was not even impacted by the recent price drop of ETH.

According to a recent tweet, since the start of the year, a staggering amount of wallets with 0.01-1 ETH in them has been added: more than 6.2 million.

The company's team comments that, despite the negative impact of the recent liquidation of ETH, the coin's fundamentals remain strong.

Meanwhile, validators continue to deposit ETH to the Ethereum 2.0 contract. The total value locked in it has reached a historic peak of 7,534,146 coins, according to data provided by Glassnode.

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Earlier this week, the founder and CEO of SkyBridge Capital, Anthony Scaramucci, shared his take on Ethereum's further growth. He believes that both ETH and Cardano's ADA will keep growing since there are a lot of use cases for them now and will be in the future.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.