With the market capitalization of the second -largest cryptocurrency at 10.95% in the last 7 days, trading at $1,744 at the time of writing. No doubt the digital coin continues to grow and increase in popularity as it stands fourth in valuation amongst other leading global financial institutions after JPMorgan Chase and Bank of America.
According to an on-chain metrics provider, Ethereum has been drawing a lot of attention, attracting more customers to its network
Recently, “the Number of non-zero Ethereum addresses just reached an ATH of 55,317,765.”
ETH has emerged to be one of the most sought-after networks in the decentralized finance (DeFi) sector because of features like smart contracts. Moreover, stablecoin projects are leveraging its platform, as evidenced by the numerous algorithmic experiments being conducted.
More investments continue trickling in Ethereum 2.0 despite it being launched in December last year. It seeks to change the current proof-of-work consensus mechanism with a proof-of-stake model, which is deemed more productive and cost-effective.
The total value locked in ETH 2.0 deposit contract recently hit an all-time high (ATH) of $6.5 billion, and this number continues to grow by the day as it seeks to solve scalability challenges.
