Over 3 Million Ethereum Addresses Now Hold At Least 0.1 ETH

Siamak Masnavi

According to on-chain market intelligence startup Glassnode, the number of Ethereum addresses, i.e. the number of Externally Owned Accounts (EOAs), that hold at least 0.1 ether (ETH) has recently crossed the three million mark.

In Ethereum, there are two types of accounts:

  • externally owned accounts (EOAs)
  • contract accounts

Features of an externally owned account:

  • holds an ETH balance
  • is controlled via a private key
  • can send transactions (either to send ether to another externally owned account or to trigger contract code)
  • has no associated code

Features of a contract account:

  • has an ETH balance
  • does not have a private key (which is the reason why it cannot initiate a transaction on the Ethereum network)
  • has associated code, which gets triggered either via transactions received from an externally owned account or via messages received from other contracts
  • triggered code may perform arbitarily complex operations, manipulate the contract's persistent storage, or send messages to other contracts  

Earlier today, Glassnode reported on Twitter that according to on-chain data, the number of Ethereum EOAs holding a balance of at least 0.1 ETH has "grown by 10.9% since the beginning of the year", going for the first time over 3 million.

Here is the relevant chart from Glassnode Studio:

 glassnode-studio_ethereum-addresses-with-balance-≥-0-1.png

As for the number of Ethereum EOAs that hold balances of at least 32 ETH, which is the minimum account required for staking on ETH 2.0, according to Glassnode Studio, as of of May 16, this number was 115,441:

glassnode-studio_ethereum-addresses-with-balance-≥-32-eth.png

On June 8, Arcane Research said that data from Ethereum analytics startup Nansen shows that earlier this month, the membership of the "32 ETH Club" grew to almost 120,000:

 

Featured Image by "WorldSpectrum" via Pixabay.com