Ethereum, the leading blockchain platform, achieved an important milestone as April draws to a close. On April 28th and 29th, the network witnessed 266.6K new wallet creations, marking the highest two-day network growth spike since October 8th and 9th, 2022.
Despite facing price volatility, this robust expansion demonstrates Ethereum's resilience and enduring popularity among users.
📈 #Ethereum We have reached a turning point, the end of April. 266.6K new wallets were created on April 28th and 29th, the highest two-day network increase since October 8th and 9th, 2022. $ETH It continues to expand despite falling prices. https://t.co/SN6xqc3JXV pic.twitter.com/KDcjhY30y5
— Santiment (@santimentfeed) May 1, 2024
Particularly noteworthy was the notable increase on April 29th, when approximately 139,560 new Ethereum addresses were added in one day. This surge in network activity confirms Ethereum's continued growth and adoption despite the challenges posed by price volatility.
#Ethereum We just witnessed the largest network growth in over a year.Approximately 139,560 new items $ETH Address was created on April 29th. pic.twitter.com/9hJRt3Jp8k
— Ali (@ali_charts) May 1, 2024
Along with this growth, institutional activity regarding Ethereum is also noteworthy. Binance’s institutional custodian, Ceffu, recently strengthened his Ethereum holdings by recharging his 3,851 ETH worth USD 11.13 million to Binance. Additionally, Ceffu made a total of $55.68 million in token transfers to Binance in the past eight hours, including 3,851 ETH and $41.75 million in stablecoins and other tokens. Although the exact purpose behind these transactions has not yet been revealed, they signify continued institutional interest and participation in the Ethereum ecosystem.
Binance machine configuration Ceffu 3 hours forward 3851 sheets $ETH ，价值 1113 Wanmikin
In the last 8 hours, Ceffu has transferred 55.68 million gold coins, including 3851 ETH, 41.75 million gold coins and other coins, usage unknown🤔 pic.twitter.com/OntW3q03VX
— Ai (@ai_9684xtpa) May 1, 2024
Link between Ethereum Foundation and 100 ETH sale
Meanwhile, the Ethereum Foundation made headlines by selling 100 ETH worth $290,000 through Cowswap. The transaction took place at a selling price of $2,912, demonstrating activity within the Ethereum community and potentially providing liquidity for the Foundation's operations.
https://twitter.com/ai_9684xtpa/status/1785902774636736593?t=Yo7ye9KQQTfCg4Ce0eec4w&s=19
In conclusion, Ethereum's record network growth amidst price volatility highlights its resilience and continued appeal to both users and institutions. As Ethereum continues to evolve and expand its ecosystem, such milestones serve as indicators of Ethereum's continued relevance and potential for future growth and innovation.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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