Advertisement
AD

Main navigation

Advertisement

Ethereum Seeing Waning Address Activity

Advertisement
Thu, 20/10/2022 - 20:34
A
A
A
Ethereum Seeing Waning Address Activity
Cover image via stock.adobe.com
Read U.TODAY on
Google News

According to data provided by Santiment, Ethereums active addresses have plunged to a four-month low.

Advertisement
Article image
Image by @santimentfeed

This comes a little more than a month after the second-largest blockchain transitioned to the proof-of-stake consensus algorithm. This suggests that the hype surrounding the much-anticipated upgrade hasn't materialized just yet.  

On Monday, Ethereum recorded less than 400,000 addresses on the network, which is the lowest level since June 26. 

In the meantime, the price of the ETH token has now slipped below the $1,300 level.      

Advertisement

In late July, Ethereum recorded a massive spike in active addresses, but it wasn't related to adoption metrics.      

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD