ETH Active Addresses Surge

Published on: August 2nd, 2022

On July 26, the number of daily active addresses on Ethereum broke all previous records, as 1.06 million addresses made at least one transaction… While a steady rise in active addresses may indicate organic growth, such a sudden rise requires further on-chain investigation. The recent surge can likely be attributed to the low gas environment, the hype cycle around the upcoming Merge and Binance consolidating their hot wallets.


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