On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case

On-Chain Data Shows Ethereum Usage Has Rocketed, Boosting ETH’s Bull Case

Ethereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset.

Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one transaction has increased…

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