Glassnode information examined by CryptoSlate analysts revealed that the variety of Ethereum (ETH) wallets that maintain over 32 ETH hit an all-time excessive (ATH), despite the fact that the participation fee is lagging.
Variety of addresses
The chart under demonstrates the adjustments within the variety of ETH addresses that maintain over 32 ETH because the starting of 2018.
The info reveals that the variety of ETH addresses with over 32 ETH has been on a gentle enhance between January 2018 and January 2021. The numbers shrank solely throughout a brief interval between January 2021 and July 2021.
From July 2021 till December 2022, the variety of addresses has been recording a rise and hit an ATH at 129,707. The earlier ATH was recorded in late July 2020 at a detailed stage to the present ATH.
CryptoSlate’s latest evaluation additionally revealed that the variety of all ETH addresses recorded a brand new ATH by reaching 1,4 million.
Participation
The participation fee is a metric that displays the ratio between the variety of blocks efficiently produced and the whole accessible slots.
The info reveals that the participation fee has been lagging because the Merge, which took place on Sept. 15. With the Merge, the ETH community migrated to a proof-of-stake (POS) community from the proof-of-work (POW) one it beforehand used.
The chart under displays the adjustments within the ETH participation fee because the starting of 2021. The all-time low for this metric was recorded in Dec. 2020, and the second lowest appeared in late October 2021.
Whereas the participation fee has been kind of steady since then, a latest drop within the charts marked the bottom level for this metric because the Merge came about.
Validators
Regardless of the lagging participation fee, the variety of lively validators has been rising steadily. The chart under reveals the rise since January 2021.
In accordance with the numbers, there are presently 487,775 lively validators on the ETH community. This quantity additionally marks an ATH for this metric.
