ICOBox Managing Partner Daria Generalova shares her thoughts on the state of the Ethereum community
On Saturday, December 15, the number of unique Ethereum addresses crossed the 50 million threshold. The number of addresses on the network has grown sharply in the last two years, from under 5 million at the beginning of 2017 to the current level. Over 150,000 unique crypto wallets were registered on Saturday alone.
Since February, new wallets have been registered at a relatively steady rate, growing by over thirty million in 2018 alone. Surprisingly, while crypto mania kicked off the creation of new addresses a year ago, registration has not significantly slowed down in the wake of the crash and stagnant market that plagued the second half of 2018.
However, the number of active users making transactions on the network has dropped from over 1 million per day in January to just over 300,000 per day in December — or about 70 percent on the year.
While there are relatively few transactions currently being processed on the network, 2018 brought new users to crypto in droves, with over 17 million new users verified in the year, up 50 percent from 2017.
ICOBox Managing Partner Daria Generalova weighs in, “A lot of users are taking 2018 as a time to prep for future adoption. Dormant accounts don’t necessarily mean users are turning their backs on crypto, but rather waiting for more use cases or accurate valuation of their assets.”