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TITLE: ETH reaches record high in active supply

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According to reports, ETH\’s last active 7-10 years of supply just reached 3668072.569 ETH, a record high.
ETH\’s last active 7-10 years of supply hit a record hi

TITLE: ETH reaches record high in active supply

According to reports, ETH’s last active 7-10 years of supply just reached 3668072.569 ETH, a record high.

ETH’s last active 7-10 years of supply hit a record high

Analysis based on this information:


KEYWORDS: ETH, active supply, record high

The latest reports about ETH show a significant increase in its active supply, reaching an all-time high of 3,668,072.569 ETH. This indicates that the Ethereum blockchain’s financial network has gained momentum lately, with more crypto participants actively using ETH for investing and trading.

ETH, the second-largest cryptocurrency in market capitalization, follows Bitcoin in popularity and utility. It is a decentralized blockchain platform that enables developers to build decentralized applications and smart contracts using a digital currency called ether. The ETH blockchain has gained traction among investors, traders, and developers worldwide, making it a reliable alternative to traditional financial systems.

The rise in active supply suggests that there are more ETH tokens actively circulating among crypto users. Active supply refers to the amount of ETH that has been moved or traded in the past seven to ten years, meaning a higher amount of active supply indicates that more ETH has been flowing in and out of wallets and exchanges. This is a positive sign for the Ethereum platform, as it strengthens its network and boosts its market value.

One possible reason for this increase in active supply is the rise of decentralized finance (DeFi) platforms and non-fungible tokens (NFTs). DeFi platforms allow users to borrow, lend, and trade digital assets using smart contracts, without the need for intermediaries. NFTs are unique digital assets that represent ownership of a specific item, such as a digital artwork or an in-game item. Both DeFi and NFTs rely heavily on the Ethereum blockchain, which has led to an increase in demand for ETH.

Another reason for the rise in active supply could be the addition of ETH to certain financial products, such as exchange-traded funds (ETFs) and investment trusts. This enables institutional investors to gain exposure to the cryptocurrency market without direct ownership of digital assets, leading to higher trading volumes and active supply.

In conclusion, the recent increase in active supply of ETH is a positive sign for the Ethereum blockchain. The rise in DeFi, NFTs, and institutional investments has led to increased demand for ETH, strengthening its network and boosting its market value. With Ethereum 2.0 on the horizon, which promises to improve its scalability and security, ETH’s active supply will likely continue to rise.

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