The number of active Bitcoin addresses with a balance above zero and the amount of ethers deposited in Ethereum 2.0 are at new ATHs.
Bitcoin, the network blockchain most capitalized in the world and Ethereum 2.0, the Proof of Stake network (PoS) designed for the scalability of the current Ethereum, have just reached new all-time highs, also known as ATH or “All Time High”.
Data posted by GlassNode on its Twitter account shows that the number of active Bitcoin addresses, whose balance is greater than zero, has just hit a new all-time high of 40.276.163 BTC addressesThe previous high of 40.275.801 addresses was seen on February 22, meaning that in just one week, 362 new Bitcoin addresses with a positive balance were added to the network.
In the case of Ethereum 2.0, the data from the Beacon Chain show that the amount of ETH staked within the scalability network has surpassed the 10 million mark. Currently, there are 10.094.743 ETH staked within Ethereum 2.0, with an approximate value of 29.466 billion dollars. Also, the number of operational validators within this blockchain network reached 300.730 active validators, setting a new record for the chain.
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Bitcoin addresses with more than 100 BTC
Of the more than 40,27 million positive balance Bitcoin addresses that currently exist, 15.929 addresses hold a balance of more than 100 BTCThis figure represents a new 1-month high for the blockchain network, with over 1.592.900 BTC accumulated in these addresses. Additionally, some 817.500 BTC addresses hold a balance equal to or greater than 1 BTC; a figure that represents a 10-month high according to the blockchain data and analytics firm.
Although the current market is quite volatile, hit by the armed conflict between Russia and Ukraine, GlassNode analysts recently indicated that Bitcoin holders maintain a remarkably bullish conviction. In their latest weekly report, the analysis firm specified that Bitcoin holders continue to withdraw BTC from cryptocurrency exchanges and deposit them in increasingly less liquid wallets, which are being maintained for a longer term. Although the trend can reverse at any time, current metrics continue “painting a favorable and constructive future for Bitcoin”, GlassNode analysts noted.
Yesterday, around 10% of the Bitcoin supply on the market generated profits for its holders, an indication of the volume of bitcoins accumulated during the market correction, the firm explained.
Al At the time of this writing, Bitcoin has recovered more than 13% of its value in the last few hours, trading at around $42.900 per unit, according to data from CoinGecko.
Ethereum 2.0 Metrics
In the case of Ethereum 2.0, the scalability network or consensus layer, as it was recently named by the Ethereum Foundation, has seen significant growth over the past 7 months. By mid-2021, Ethereum 2.0 accumulated around 6 million ethers staked, meaning growth in recent months has been 33%. The number of active node validators on the network increased by 35% in the same period.
Source: Ethereum Launchpad
Ethereum 2.0 is the new network that is being built to scale Ethereum, in order to solve the current problems of high performance and gas fees. Vitalik Buterin, co-founder and developer of Ethereum, said at the end of January that this new blockchain will possibly be delayed until the end of 2023 or 2024, pointing to the lack of consensus within the work team as the main obstacle to advancing its development.
To become a validator on the Ethereum 2.0 network, a minimum deposit of 32 ETH is required; approximately $93.400 at the time of writing. The role of node validators in Ethereum 2.0, in addition to confirming blocks and transactions, is to ensure the security, scalability, and sustainability of the network. For their work, validators are rewarded within the chain. Although the function performed by node validators is similar to that of block miners, the developers explain that these are different processes, since they use different consensus protocols.
The price of Ethereum has also increased significantly in the past few hours, recovering by 12%. Currently, ETH is trading at around $2.920 per unit.
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