With Ethereum’s recent price hike over $ 300 There are now more ETH addresses with profit than the total number of addresses with any amount of Bitcoin.
Blockchain statistics show this The total number of green ETH addresses is 31.86 million, while the total number with a Bitcoin balance is 30.83 million.
ETH holders are green
The last time Ethereum was trading above $ 300 was a year agoand chain measurements have improved a lot since then. The results, as first reported in The Defiant, indicate this Millions of new addresses under $ 300 will be loaded into ETH. Many of them would have reached below $ 200 as assets were low in March and April.
In July 2019, when the ETH prices reached a similar high as today, only 13.5 million addresses or less than 50% made a profit. The numbers were derived from a Historical Money Entry / Exit (HIOM) indicator that analyzes chain positions based on the average cost of tokens for a given direction.
The number of Ethereum Hodleror those who keep the asset for more than a year, it has also increased by 10 million in the past twelve months.
Bitcoin tokenization exceeds 20,000
Another solid foundation for Ethereum’s growing use cases is the amount of Bitcoin that has been logged online.
Bitcoin tokenization allows the asset to be used in decentralized finance and with Ethereum-based applications and the ERC-20 standard. With the explosive growth and profit opportunities of DeFi BTC owners did not want to miss the action.
As a result of that, There are now over 20,000 BTC on Ethereum. According to btconethereum.com, that number equates to $ 223 million in BTC at current prices. As developer Josh Stark Publicity, That’s 20 times more Bitcoin in Lightning and eight times more than in Blockstream Liquid.
As the DeFi sector continues to grow The amount of tokenized bitcoin is likely to increase.