Santiment, an analytics firm, said: Examine the reasons for the sudden increase in daily active addresses on Ethereum. which broke the previous record of 48%.
On July 27, the analytics firm tweeted: The number of daily active addresses on Ethereum suddenly rose to 1.06 million, breaking the previous record of 718,000 in 2018.
Active address is the address where transactions were made in the last 24 hours. The number of active addresses can indicate the level of network activity from developers and projects that are updated to their tasks or platforms. and traders with token transfers
However, Santiment said the team is still investigating the reasons for the rapid increase, with Tim Beiko, the main developer of Ethereum, describing the unusual activity.
Coinbase Chief Strategy Officer Conor Grogan posted in a Twitter thread that the increase in activity is due to large token transfers to GAS rather than from greater adoption.
Daily active address indicator for Tether ( USDT ) also saw a significant increase in active addresses over the past two days. From July 26th to 27th, this could confirm Grogan’s observations of more activity coming from token transfers.
Goerli/Prater Merge Announcement
Prater will run through the Bellatrix upgrade on August 4th, and merge with Goerli between August 6-12th: if you run a node or validator, this is your last chance to go through the process before mainnet.
https://t.co/JAz5AJe12B
— Tim Beiko | timbeiko.eth
(@TimBeiko) July 27, 2022
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