The indicator of the number of Ethereum addresses, which occupies the second position in the rating of cryptocurrencies in terms of capitalization, according to the statistics of the Etherscan network, has crossed the mark of 100 million. This indicator exceeded the level of Internet users in 1995 by more than ten times. According to Camille Russo, author of the Defiant project, this trend is conducive to great prospects in the DeFi sector.
The growth in popularity of the Ethereum system exceeds the rate at which the popularity of the Internet grew in its time. But the figure of one hundred thousand addresses should still be considered with a certain degree of probability, since many users have more than one address that they use for different purposes. Also, the number of addresses can increase due to automatic registration with trading bots.
The indicator of addresses that have a non-zero value on their balance sheet can be of higher quality. According to analysts at Glassnode, the growth of such addresses is increasing daily and already amounts to more than one hundred thousand, and their total number is approaching forty million.
An upward trend can also be traced in addresses that are regularly and actively used. Last week, the figure reached 400 thousand, and the two-week average reached its highest mark of three hundred and forty thousand in 2018 at the end of August. These addresses accounted for about one percent of the total share of all addresses with a non-zero balance.
Along with the increase in the number of actively used addresses, the number of daily transactions began to grow. According to CoinMetrics data, as of June 2, 2020, 980 thousand transactions were carried out. This figure exceeded almost three times the figure on the bitcoin network, which amounted to only three hundred eight thousand transactions in the same period.
The statistics of daily transactions in the Ethereum system, sliding during the week, reached its highest point in 2019 in June and during the period of the highest popularity of the cryptocurrency ICO in 2018 in January.
Based on analytical data from Dune Analytics, Richard Chen, partner at 1confirmation, said that the number of DeFi sector users could exceed one hundred and fifty thousand.
Comparing the indicator of forty million non-zero addresses in the Ethereum system with the value of two hundred thousand, we can conclude that the potential of decentralized funds in the financial market has not yet been sufficiently revealed. If the growth rates continue, according to Chen, then by the beginning of spring 2021 the number of DeFi sector clients may reach one million, and in another year by the end of spring 2022 this figure will reach ten million.
Today, the number of active users of the Ethereum system with a figure of forty million can be compared with 60 million customers who have opened accounts with an American bank (Bank of America).
According to the accounting system, in just five years, the number of active clients of the Ethereum system with a figure of forty million has exceeded more than two and a half times the number of Internet users since its launch in 1989.
It is also worth recalling that the amount of frozen funds invested in contracts is approaching $ 1 billion in DeFi by early summer.