Ethereum Supremacy? ETH Adds Over 5 Million Unique Addresses In 30 Days

Ethereum continues on a path of more adoption as the asset has seen the addition of over 5 million new and unique addresses added over the past 30 days. This comes as bitcoin continues to record declines in the number of active addresses in the network.

Ethereum remains the largest smart contracts network and the second-largest cryptocurrency in the world. According to a data compilation released recently, between June 6 and July 6, Ethereum has added 5.37 million new and unique addresses on its network. These addresses add up to an average of 173,000 addresses added every single day for the month-long period.

Related Reading | Ethereum Upgrades Could Jumpstart $40 Billion Staking Industry, JP Morgan

Currently, the number of unique ethereum addresses now sits at approximately 162.2 million. The recent increase in demand for ethereum has been the key driver in the meteoric rise in the number of addresses being registered by investors.

The increase in demand has been due to a number of changes and upgrades being made to the ethereum ecosystem. And with the changes and upgrades have come new opportunities for customers to earn cryptocurrencies while helping to make the network more secure and efficient.

Ethereum London Hard Fork

One of the factors behind the increased demand for ETH has been the London hard fork. The fork promises noticeable changes and improvement in the network and thus, investors have gravitated towards ethereum given how much better this would make using the network.

According to this article by Binance, the ethereum London hard fork is a scheduled update to the Ethereum blockchain. This upgrade was scheduled to come soon after the Berlin hard fork which had taken place in April of 2020. The London upgrade will make significant changes to the ethereum network.

Ethereum chart from TradingView.com

Ethereum price down even as demand grows | Source: ETHUSD on TradingView.com

The most prominent of these changes would be to the ethereum transaction fee system. This has been a…

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