Take a quick:
- The number of non-zero addresses on the Ethereum and Bitcoin network is continually increasing
- Both have reached an all-time high of 50.651M for ETH and 32.925M for Bitcoin
- Such activity on both networks is a clear indication of investor interest as well as the adoption of all digital assets
- Price appreciation is sure to continue for Ethereum and Bitcoin
The number of non-zero addresses on Ethereum and Bitcoin networks has always reached a new peak. According to data on the chain by the team at Glassnode, the number of non-zero addresses on the Bitcoin network has just arrived always a new top of 32,925,521. Below is a chart courtesy of Glassnode showing the impressive growth of Bitcoin addresses since 2009.
In the case of Ethereum, the number of non-zero addresses has arrived highest ever of 50.656,493. Below is also a chart from Glassnode, showing the growth in the number of non-zero addresses on the Etheruem network.
Investor Interest and Adoption: 2 Reasons BTC and ETH Addresses are Increasing
From both charts, it can be observed that the number of Bitcoin and Ethereum addresses follow the usual Adoption Curve of S. From the charts, it can also be concluded that adoption has not yet reached the plateau level which means we are still in the early stages of the crypto industry.
Veteran Bitcoin analyst, Willy Woo, comment recently on Bitcoin adoption and highlighted the fact that it is growing faster than any technology infrastructure to date.
Bitcoin’s adoption curve is faster than any other global infrastructure rollout before it. It is growing faster than the introduction of the Internet, mobile phones, and easier faster than “virtual banking” players such as PayPal.
Adoption of Ethereum is also growing at an astonishing pace as evidenced by the chart above and the rate at which DeFi is growing.
Investors who have seen the potential of Bitcoin and Ethereum through the current adoption rate, are also busy grabbing BTC and ETH contributing to an increase in addresses other than zero on both networks.
As with adoption, it is still early days to invest in either Bitcoin or Ethereum. Anyone considering investing in Bitcoin and Ethereum right now should have some assurance that Binance’s CEO, CZ, reached a similar conclusion back in May, about being early in the game. His exact words were as follows.
Everyone I’ve met who went into #crypto, thinks they arrived too late, no exceptions, myself included, until 5 years later.
I expect the same will be true in 2025. We’re still early in the game.
Not financial advice. And don’t trade if you’re not a trader. #hodl.