Ethereum Holders Surpass 127 Million, a 3.3% Increase in Three Months
CryptoNewsTerminal Staff03 Sep, 2024
Ethereum Holders Surpass 127 Million, a 3.3% Increase in Three Months
Ethereum Holders on the Rise According to the latest statistics, the number of Ethereum (ETH) holders has increased by 3.3% over the past three months, reaching an impressive 127 million. This surge in ETH holders stands in contrast to the 0.1% decline in Bitcoin (BTC) holders, which now stands at 54.18 million. The growth in ETH holders reflects the increasing popularity of the Ethereum blockchain and its ability to support diverse applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts. The surge in ETH holders also comes amidst a broader trend of increasing adoption of cryptocurrencies. Tether (USDT), a stablecoin pegged to the US dollar, has also experienced a 4% increase in holders, indicating a growing interest in stablecoins among cryptocurrency users. Conclusion The increase in ETH holders highlights the growing adoption of Ethereum and the expanding use cases of blockchain technology. While BTC holders may have experienced a slight decline, the overall growth in cryptocurrency adoption remains positive.
