Ethereum addresses with over 32 ETH hit ATH while participation rate drops
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Summary:Participation rate is at its lowest since the Merge, while the number of active validators has hit a new ATH.

Glasssnode data is generated byData encryption quartz sandstoneAnalysis insiders revealed that although the participation rate lagged behind, the number of ETH wallets with more than 32 ETHs reached a record high (ATH).

Number of addresses

The following figure shows the change in the number of ETH addresses with 32 ETHs since the beginning of 2018.

ETH addresses with over 32 ETH
ETH addresses exceeding 32 ETHs

Data shows that the number of Ethereum addresses exceeding 32 Ethereum addresses has been steadily increasing from January 2018 to January 2021. This number will only decline significantly in the short period from January 2021 to July 2021.

From July 2021 to December 2022, the number of addresses has been increasing to 129707 ATHs. The previous record of ATH was at the end of July 2020, which is close to the current record of ATH.

Data encryption bluestone 'Recent interpretation also shows that the number of all ETH addresses has reached 1.4 million, creating a new ATH.

participate in

The participation rate is an indicator of the proportion between the number of blockchains successfully manufactured and the total available timeslots.

Data shows that the participation rate has lagged since September 15. Along with the joint venture, ETH Internet has transferred from the previous proof of work (POW) Internet to the proof of equity (POS) Internet.

ETH Participation Rate
ETH participation rate

The following shows the changes in ETH participation rate since the beginning of 2021. The lowest point of this indicator in history was in December 2020, and the second lowest value was in the end of October 2021.

Although the participation rate has been basically stable since then, the recent decline in the data chart means that the index has been the lowest since the joint venture.

Validator

Although the participation rate lags behind, the number of active verifiers has been steadily increasing. The following shows the growth since January 2021.

According to the data, at this stage, ETH has 487775 active verifiers on the network. This data also identifies this measured ATH.

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