{"id":45407,"date":"2021-07-02T13:54:05","date_gmt":"2021-07-02T10:54:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45407"},"modified":"2025-09-01T10:58:18","modified_gmt":"2025-09-01T07:58:18","slug":"active-ethereum-addresses-surpass-bitcoins-metric-according-to-glassnode-data","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/active-ethereum-addresses-surpass-bitcoins-metric-according-to-glassnode-data\/","title":{"rendered":"Active Ethereum addresses surpass Bitcoin\u2019s metric, according to Glassnode data"},"content":{"rendered":"<p>The seven-day moving average of active addresses on the Bitcoin network over the past six weeks declined by 60% \u2014 from about 1.3 million to about 500,000, the lowest since April 2020. The figure was lower than the corresponding metric on the Ethereum blockchain.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Bitcoin\u2019s active addresses on the blockchain network just plunged to its lowest level since April 2020. <\/p>\n<p>This data is bearish. It shows demand for Bitcoin is drying up very quickly. <a href=\\\"https:\/\/t.co\/vdmwagbvtm\\\">pic.twitter.com\/vdmwagbvtm<\/a><\/p>\n<p>\u2014 Mr. Whale (@CryptoWhale) <a href=\\\"https:\/\/twitter.com\/CryptoWhale\/status\/1410666962426941444?ref_src=twsrc%5Etfw\\\">July 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Data from Glassnode shows that this is the third instance in June when by a similar metric Ethereum surpassed Bitcoin. Earlier a similar situation was observed in early 2018.<\/p>\n<p>The number of active addresses on the network of the second-largest cryptocurrency by market capitalization over the last week rose by more than 9% \u2014 to about 700,000. The indicator is 22% below the April maximum of about 900,000.<\/p>\n<p>Other components of <a href=\\\"https:\/\/www.blockchaincenter.net\/flippening\/\\\">Flippening Index<\/a>, comparing Bitcoin and Ethereum metrics, fee revenue and the total number of completed transactions, show the latter leading by 300%+ and about 500% respectively.<\/p>\n<p>Bitcoin still holds the edge on metrics such as the number of nodes, the volume of on-chain value transferred, trading volume, and the number of Google search queries.<\/p>\n<p>In June, the share of fee revenue in Ethereum miners&#8217; income <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-miners-revenue-in-june-fell-by-53\">declined<\/a> from 43.5% to 15%.<\/p>\n<p> Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seven-day moving average of active addresses on the Bitcoin network over the past six weeks declined by 60% \u2014 from about 1.3 million to about 500,000, the lowest since April 2020. The figure was lower than the corresponding metric on the Ethereum blockchain.<\/p>\n","protected":false},"author":1,"featured_media":45408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1320,18,46,1145],"class_list":["post-45407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-address","tag-bitcoin","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45407"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45407\/revisions"}],"predecessor-version":[{"id":45409,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45407\/revisions\/45409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45408"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}