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:
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:
👀Another sneak peek into our weekly market report👀
Are investors getting ready for Ethereum staking? Data from @nansen_ai shows that almost 120,000 @ethereum wallets are ready for staking. This number has grown by 13% over the past year.
Read more here: https://t.co/UKFQKI2jze pic.twitter.com/G3nXhylels
— Arcane Research (@ArcaneResearch) June 8, 2020