{"id":645006,"date":"2024-09-28T03:30:05","date_gmt":"2024-09-28T03:30:05","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=645006"},"modified":"2024-09-27T13:46:35","modified_gmt":"2024-09-27T13:46:35","slug":"ethereum-43-active-addresses","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/ethereum\/ethereum-43-active-addresses\/","title":{"rendered":"Ethereum Sees 43% Crash In Active Addresses, What’s Going On?"},"content":{"rendered":"

The market sentiment towards <\/span>Ethereum (ETH) <\/span><\/a>has <\/span>turned<\/span><\/a> relatively bearish, largely due to the cryptocurrency\u2019s <\/span>recent price volatility<\/span><\/a>. This negative sentiment is evident in Ethereum\u2019s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence.\u00a0<\/span><\/p>\n

New Active Addresses On Ethereum Decline<\/h2>\n

Data<\/span><\/a> from The Block is showing notable fluctuations in <\/span>Ethereum\u2019s network activity<\/span><\/a>, as the number of new active addresses has seen a sharp unexpected decline over the past three months.\u00a0<\/span><\/p>\n

On June 27, new <\/span>active addresses on the Ethereum network<\/span><\/a> surged to 138,620 before dropping drastically to around 89,000 in the first few weeks of July. While the volume fluctuated between 80,000 and 95,000 in August, it soon jumped back above 100,000 at the end of the month.<\/span><\/p>\n

Related Reading: Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?<\/a><\/div>\n

Despite Ethereum experiencing a significant <\/span>uptick in its price<\/span><\/a> recently, the new active addresses on its network dropped as low as 78,100 on September 24, marking a 23.43% crash. Currently, the number of new active addresses on <\/span>Ethereum\u2019s network<\/span><\/a> is still below 80,000, reflecting more than a 44% crash from the last three months.\u00a0<\/span><\/p>\n

Compared to June 9 when the total active <\/span>addresses on the Ethereum network surged <\/span><\/a>impressively to 702,857, the current number of addresses has <\/span>declined<\/span><\/a> by 5.69%. Moreover, on September 22, the total active address count fell drastically to 574,073, underscoring an 18.32% decrease from the previous June 9 high.\u00a0<\/span><\/p>\n

Typically, when a crypto network experiences a drop in its new active address count, it indicates a decrease in user engagement, leading to a decline in the overall network activity and transaction volume. This decrease can be seen in the <\/span>data<\/span><\/a> provided by IntoTheBlock, which shows that the total <\/span>volume of large transactions<\/span><\/a> on the Ethereum network rose to 2.91 million on July 5, but declined to 1.79 million on September 29, reflecting a 38.4% drop.\u00a0<\/span><\/p>\n

Despite the significant drop in new active addresses on Ethereum, market intelligence platform, Santiment has <\/span>disclosed<\/span><\/a> that the Ethereum network activity is finally picking up. However, this rise in network activity also coincides with a significant increase in gas fee levels.\u00a0<\/span><\/p>\n

ETH Loses Top Spot In DEX Volume Rankings<\/h2>\n

On September 25, Ethereum <\/span>lost<\/span><\/a> its position as the <\/span>top cryptocurrency<\/span><\/a> with the highest 24-hours Decentralized Exchange (DEX) volume. <\/span>Solana (SOL)<\/span><\/a> had outperformed Ethereum, claiming the top spot with a 39.77% increase in its DEX volume, which climbed to $1.123 billion.<\/span><\/p>\n

Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline<\/a><\/div>\n

At the time, Ethereum\u2019s DEX volume was approximately $1.118 billion after recording a modest 8.92% surge. While Solana briefly stole the spotlight, Ethereum swiftly rebounded and has since held on to its leading position.\u00a0<\/span><\/p>\n

As of writing, the cryptocurrency\u2019s 24-hour DEX volume has <\/span>surged<\/span><\/a> by 11%, reaching $1.559 billion, according to DeFiLama. In contrast, Solana experienced a much larger increase of 32.94%, however, its volume still sits below Ethereum\u2019s at $1.251 billion.\u00a0<\/span><\/p>\n

\"Ethereum
ETH price aiming for $2,700 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency\u2019s recent price volatility. This negative sentiment is evident in Ethereum\u2019s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence.\u00a0 New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum\u2019s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months.\u00a0 On June 27, new active addresses on the Ethereum network surged to 138,620 before dropping drastically to around 89,000 in the first few weeks of July. While the volume fluctuated between 80,000 and 95,000 in August, it soon jumped back above 100,000 at the end of the month. Related Reading: Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go? Despite Ethereum experiencing a significant uptick in its price recently, the new active addresses on its network dropped as low as 78,100 on September 24, marking a 23.43% crash. Currently, the number of new active addresses on Ethereum\u2019s network is still below 80,000, reflecting more than a 44% crash from the last three months.\u00a0 Compared to June 9 when the total active addresses on the Ethereum network surged impressively to 702,857, the current number of addresses has declined by 5.69%. Moreover, on September 22, the total active address count fell drastically to 574,073, underscoring an 18.32% decrease from the previous June 9 high.\u00a0 Typically, when a crypto network experiences a drop in its new active address count, it indicates a decrease in user engagement, leading to a decline in the overall network activity and transaction volume. This decrease can be seen in the data provided by IntoTheBlock, which shows that the total volume of large transactions on the Ethereum network rose to 2.91 million on July 5, but declined to 1.79 million on September 29, reflecting a 38.4% drop.\u00a0 Despite the significant drop in new active addresses on Ethereum, market intelligence platform, Santiment has disclosed that the Ethereum network activity is finally picking up. However, this rise in network activity also coincides with a significant increase in gas fee levels.\u00a0 ETH Loses Top Spot In DEX Volume Rankings On September 25, Ethereum lost its position as the top cryptocurrency with the highest 24-hours Decentralized Exchange (DEX) volume. Solana (SOL) had outperformed Ethereum, claiming the top spot with a 39.77% increase in its DEX volume, which climbed to $1.123 billion. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline At the time, Ethereum\u2019s DEX volume was approximately $1.118 billion after recording a modest 8.92% surge. While Solana briefly stole the spotlight, Ethereum swiftly rebounded and has since held on to its leading position.\u00a0 As of writing, the cryptocurrency\u2019s 24-hour DEX volume has surged by 11%, reaching $1.559 billion, according to DeFiLama. In contrast, Solana experienced a much larger increase of 32.94%, however, its volume still sits below Ethereum\u2019s at $1.251 billion.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":645051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89213,16163,1946,85312,7931,6931,8686,78803],"class_list":["post-645006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-addresses","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Sees 43% Crash In Active Addresses, What's Going On?<\/title>\n<meta name=\"description\" content=\"The market sentiment towards Ethereum 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Sees 43% Crash In Active Addresses, What’s Going On?","url":"http:\/\/www.uniquehot.com\/news\/ethereum\/ethereum-43-active-addresses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/ethereum\/ethereum-43-active-addresses\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-crash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-crash.jpeg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth news","eth price","ethereum","ethereum addresses","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-09-28T03:30:05Z","datePublished":"2024-09-28T03:30:05Z","dateModified":"2024-09-28T03:30:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Sees 43% Crash In Active Addresses, What’s Going On?\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/ethereum\\\/ethereum-43-active-addresses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/ethereum\\\/ethereum-43-active-addresses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-crash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-crash.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum addresses\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-09-28T03:30:05Z\",\"datePublished\":\"2024-09-28T03:30:05Z\",\"dateModified\":\"2024-09-28T03:30:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Ethereum-crash.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/645006"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=645006"}],"version-history":[{"count":1,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/645006\/revisions"}],"predecessor-version":[{"id":645058,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/645006\/revisions\/645058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/645051"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=645006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=645006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=645006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}