{"id":551561,"date":"2023-09-15T23:00:06","date_gmt":"2023-09-15T23:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=551561"},"modified":"2024-06-11T08:35:00","modified_gmt":"2024-06-11T08:35:00","slug":"ethereum-bitcoin-active-addresses","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-bitcoin-active-addresses\/","title":{"rendered":"Ethereum Surges Ahead Of Bitcoin In Active Addresses, What Does This Mean?"},"content":{"rendered":"

Since its inception, Ethereum has continuously been compared to Bitcoin with the former being hailed as a better option to the latter in some cases. As the years have flown by, the competition has gotten even fiercer, especially with ETH growing rapidly. Eventually, Ethereum seems to be catching up with Bitcoin<\/a>, especially in terms of active addresses.<\/p>\n

Ethereum Active Addresses Surpass Bitcoin<\/h2>\n

On Thursday, September 14, on-chain data tracker Santiment revealed<\/a> a surprising update on the fierce rivalry between Bitcoin and Ethereum. In the X post, the tracker revealed that the number of unique addresses<\/a> that were transaction on the network had reached its second-highest daily figure of all time.<\/p>\n

Related Reading: Litecoin Eliminates Pre-Halving Gains As Volume Drops, Is A Fall To $50 Coming?<\/a><\/div>\n

While this is significant on the part of the blockchain alone, it is also significant in terms of the competition between the two largest assets in the space. To put this in perspective, the 1,089,893 figure reported by Santiment puts Ethereum ahead of Bitcoin in terms of this metric alone.<\/p>\n

The last time that the daily unique active addresses on the network hit its new all-time high was back in December 2022. So it has been almost a year since the metric was this high, suggesting a unique driving factor behind it.<\/p>\n

This report is also in line with the report from Artemis Terminal that shows that Ethereum was right in front of Bitcoin in terms of daily active addresses.<\/p>\n

\"Ethereum<\/p>\n

ETH active addresses surpass BTC on Wednesday | Source: Artemis Terminal<\/a><\/pre>\n
Artemis reports that on September 13, Ethereum saw a total of 1.03 million daily addresses compared to Bitcoin\u2019s 743,800 addresses in the same time period. However, this figure has since retracted and Bitcoin has pulled in front of Ethereum once more as of September 14.<\/p>\n
What Does This Mean?<\/h2>\n
While Ethereum\u2019s surge on Wednesday was impressive, it does not mean much since the network has been unable to sustain the growth. Also, the surge could be easily explained by the rise in the popularity of the Friend.Tech decentralized finance social media platform<\/a> based on the Ethereum blockchain.<\/p>\n
Related Reading: Bitcoin Wallet Activity Touches 5-Month High, Will BTC Price Follow?<\/a><\/div>\n
Friend.Tech had seemingly come back from the death to reach a new all-time high in its number of daily users<\/a>. Since an ETH address is required to participate in the platform, it is no surprise there was an uptick in the number of ETH addresses<\/a> active on the network.<\/p>\n
The spike in the number of daily active addresses also seems to have had little impact on the price of the cryptocurrency itself. ETH\u2019s price is still struggling to hold above $1,600, with small gains of 0.35% in the last day and losses of 1.15% in the last week.<\/p>\n
\"Ethereum<\/p>\n
ETH price still holding above $1,600 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from CBS News, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Since its inception, Ethereum has continuously been compared to Bitcoin with the former being hailed as a better option to the latter in some cases. As the years have flown by, the competition has gotten even fiercer, especially with ETH growing rapidly. Eventually, Ethereum seems to be catching up with Bitcoin, especially in terms of active addresses. Ethereum Active Addresses Surpass Bitcoin On Thursday, September 14, on-chain data tracker Santiment revealed a surprising update on the fierce rivalry between Bitcoin and Ethereum. In the X post, the tracker revealed that the number of unique addresses that were transaction on the network had reached its second-highest daily figure of all time. Related Reading: Litecoin Eliminates Pre-Halving Gains As Volume Drops, Is A Fall To $50 Coming? While this is significant on the part of the blockchain alone, it is also significant in terms of the competition between the two largest assets in the space. To put this in perspective, the 1,089,893 figure reported by Santiment puts Ethereum ahead of Bitcoin in terms of this metric alone. The last time that the daily unique active addresses on the network hit its new all-time high was back in December 2022. So it has been almost a year since the metric was this high, suggesting a unique driving factor behind it. This report is also in line with the report from Artemis Terminal that shows that Ethereum was right in front of Bitcoin in terms of daily active addresses. ETH active addresses surpass BTC on Wednesday | Source: Artemis Terminal Artemis reports that on September 13, Ethereum saw a total of 1.03 million daily addresses compared to Bitcoin\u2019s 743,800 addresses in the same time period. However, this figure has since retracted and Bitcoin has pulled in front of Ethereum once more as of September 14. What Does This Mean? While Ethereum\u2019s surge on Wednesday was impressive, it does not mean much since the network has been unable to sustain the growth. Also, the surge could be easily explained by the rise in the popularity of the Friend.Tech decentralized finance social media platform based on the Ethereum blockchain. Related Reading: Bitcoin Wallet Activity Touches 5-Month High, Will BTC Price Follow? Friend.Tech had seemingly come back from the death to reach a new all-time high in its number of daily users. Since an ETH address is required to participate in the platform, it is no surprise there was an uptick in the number of ETH addresses active on the network. The spike in the number of daily active addresses also seems to have had little impact on the price of the cryptocurrency itself. ETH\u2019s price is still struggling to hold above $1,600, with small gains of 0.35% in the last day and losses of 1.15% in the last week. ETH price still holding above $1,600 | Source: ETHUSD on Tradingview.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from CBS News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":551571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[428,656,795,1119,1144,78790,8323,79651,1946,7931,86766,8686,78803],"class_list":["post-551561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-wallets","tag-btc","tag-btcusd","tag-btcusdt","tag-eth","tag-eth-wallets","tag-ethereum","tag-ethereum-news","tag-ethereum-wallets","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Surges 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Surges Ahead Of Bitcoin In Active Addresses, What Does This Mean?","url":"http:\/\/wncen.com\/news\/ethereum-bitcoin-active-addresses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum-bitcoin-active-addresses\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ethereum-and-Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ethereum-and-Bitcoin.jpeg?fit=1200%2C630"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin wallets","btc","btcusd","btcusdt","eth","eth wallets","ethereum","ethereum news","ethereum wallets","ethusd","ethusdt"],"dateCreated":"2023-09-15T23:00:06Z","datePublished":"2023-09-15T23:00:06Z","dateModified":"2024-06-11T08:35:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Surges Ahead Of Bitcoin In Active Addresses, What Does This Mean?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-bitcoin-active-addresses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-bitcoin-active-addresses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ethereum-and-Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ethereum-and-Bitcoin.jpeg?fit=1200%2C630\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin wallets\",\"btc\",\"btcusd\",\"btcusdt\",\"eth\",\"eth wallets\",\"ethereum\",\"ethereum news\",\"ethereum wallets\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-09-15T23:00:06Z\",\"datePublished\":\"2023-09-15T23:00:06Z\",\"dateModified\":\"2024-06-11T08:35:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ethereum-and-Bitcoin.jpeg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551561"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=551561"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/551571"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=551561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=551561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=551561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}