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Ethereum’s Active Ether Supply Reaches a Record High

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Ethereums Active Ether Supply Reaches a Record High

According to reports, ETH’s last active 7-10 years of supply just reached 3668072.569 ETH, a record high.

ETH’s last active 7-10 years of supply hit a record high

Analysis based on this information:


Ethereum (ETH) has been making headlines lately due to its popularity among investors and its increasing market capitalization. One key metric that shows the strength and viability of the cryptocurrency is its active ether supply. According to reports by blockchain analytics firm Glassnode, the last active 7-10 years of ETH’s supply just surpassed a record high of 3.6 million ETH.

But what does this mean for Ethereum enthusiasts and investors? Firstly, it shows a growing interest and confidence in Ethereum’s technology, as more users are holding onto their ethers rather than selling them. Secondly, it suggests that Ethereum is becoming a more trusted store of value and a viable option for long-term investment strategies.

The active supply of Ethereum refers to the amount of ETH that has been moved or transferred within the last 7-10 years. This excludes any ether that has been locked up in smart contracts or other types of wallets. The current active supply of Ethereum represents roughly 31% of the total coin supply, which is a significant amount.

What is the significance of this record high active supply? For one, it demonstrates the growth of the Ethereum ecosystem over the past decade. Ethereum has become a platform for building decentralized applications (DApps) and smart contracts, which has led to an increase in usage and demand for the coin. Moreover, it signifies the resilience and sustainability of the Ethereum network, as more investors are choosing it over other cryptocurrencies due to its utility and potential for growth.

Another metric that reflects Ethereum’s growing popularity is the rising price of ether. As of June 2021, the price of ether has more than tripled since the beginning of the year, reaching all-time highs of over $4,000 per coin. This is due in part to the increasing demand for Ethereum as a platform for decentralized finance (DeFi) and non-fungible tokens (NFTs).

In summary, the record high active supply of Ethereum is a positive sign for the overall health and stability of the cryptocurrency. It shows that more people are choosing to hold onto their ether, which could lead to further growth and demand in the long term. Investors and enthusiasts should continue to monitor these metrics as they reflect the underlying fundamentals of the Ethereum network.

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