The number of Ethereum holding addresses exceeded 51.4 million, an all-time high on the last day of 2020. A new turning point has been reached in the cryptocurrency space.
According to the figures of the Glassnode data site, the rally in most cryptocurrencies continues in the last weeks of 2020 and the number of ETH-holding addresses broke a record with 51,491,730.
The number of Ethereum holding addresses increased by 48 percent in 2020
Considering that there are only 34.7 million addresses holding Ethereum (ETH) at the beginning of the year, we can say that the current figures represent a 48% increase. Ethereum’s previous ATH was set at 51,487,512 addresses.
Ethereum prices soaring year-round can be attributed to the decentralized finance (DeFi) craze witnessed in the midst of the coronavirus epidemic throughout 2020. ETH can also be used in most Defi applications, increasing the number of addresses holding this cryptocurrency.
On December 12, 2020, the number of non-zero ETH addresses reached the number 50,476,989, crowning a strong upward trend throughout the year. The number of Ethereum addresses is still higher than their counterparts.
CME Group launches ETH futures
Chicago Mercantile Exchange (CME) announced on December 16, 2020 that the CME Group has expanded the company’s crypto derivatives and plans to launch Ethereum futures amid the growing trend of the second most popular cryptocurrency.
In a report released by Coin Metrics on September 30, 2020, it was reported how DeFi is “fueling the growth of Ethereum”.