The number of Ethereum (ETH) active addresses increased by a record in 2020

Ethereum (ETH), the second largest cryptocurrency by market capitalization, has gained 3.19% in the last 24 hours. As of broadcast time, Ethereum is trading at $ 558.64.

The number of active addresses in the Ethereum network increased by 140% in 2020. The number of active addresses increased from 158,039 on January 1 to 379,249 as of December 10.

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According to Denis Vinokourov of BeQuant, this data, along with measurements showing the movement of Ethereum users from centralized exchanges (CeFi) to decentralized exchanges (DeFi), creates a great liquidity opportunity for token economies within the ecosystem.

Vinokourov quoted:

Fee fees spent on investing ETH in Central stock exchanges fell below 1% as of December 9, according to Glassnode data. This charge was at 26% in October 2017. There is plenty of liquidity in the market. That’s why DeFi tokens seem particularly attractive, despite their recent drawbacks.”

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