Number of Ethereum Addresses Holding More Than One ETH Attains New All-Time High

According to the on-chain analytics platform Glassnode, the number of Ethereum addresses holding more than one ETH recently rose to a new all-time high of 1,407,532. The previous high of 1,407,198 was attained on 21st January 2022, which suggests a consistent increase in retail interest.

Glassnode tweeted, “Ethereum $ETH Number of Addresses Holding 1+ Coins just reached an ATH of 1,407,532 Previous ATH of 1,407,198 was observed on 21 January 2022.”

Read Also: Largest Ethereum Whales Jump on Shiba Inu, Buy over $88 Million Worth of SHIB in the Past Day

Total Value Locked In Ethereum 2.0 Deposit Contract Just Attained a New High

In another data shared by Glasssnode, it’s revealed that the amount locked in Ethereum 2.0 deposit contract just hit a new all-time high of 9,213,714, worth relatively $24 billion at current prices.

This figure denotes that relatively 8% of the Ethereum (ETH) current total supply is now staked in the consensus layer (ETH 2.0) deposit contract.

Read Also: Ethereum Beats Visa In Terms Of Values Moved In 2021 ($11.6 Trillion and $10.4 Trillion Respectively)

Glassnode tweeted, “Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 9,213,714 ETH.”

Also, the increase in the number of unique depositors, validators, and the ETH balance on the Ethereum 2.0 deposit contract is an indication that investors and the community are long-term bullish on the cryptocurrency.

According to data provided by Santiment, Ethereum whales decided to buy the dip by grabbing nearly $500 million worth of ETH some hours ago.

Going by the on-chain analytics firm, ETH whale addresses holding 10,000 or more coins have added 200,000 ETH from weak hands since Jan. 20, representing the largest accumulation in two months.

Read Also: Ethereum 2.0 Deposit Contract Surpasses 9 Million ETH worth $30 Billion

Ethereum Foundation Rebrands the Terms ETH 2.0 and ETH 1.0

According to Ethereum Foundation in a recent blog post, the terms Ethereum 1.0 (Eth1) and Ethereum 2.0 (Eth2) have been phased out in favor of “execution layer” and “consensus layer” respectively.

In the blog post, it’s claimed that core developers stopped using the terminology from late 2021, preferring “execution layer” and “consensus layer.”

Ethereum Foundation highlighted further that the combination of the “execution layer” and “consensus layer” is known as Ethereum. The foundation said this change in terminology changes nothing in the roadmap to the major upgrade.

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