In Merge Anticipation, the Ethereum Network Attracts Over 70,000 New Addresses

Published on:

Last Updated on September 5, 2022 by Bitfinsider

The upcoming Ethereum merger is being regarded as a significant crypto project event. The community sees this as a significant factor in the future rally of the ETH price. As the merge date, September 15, approaches, the Ethereum network is seeing a significant increase in activity.

As of September 2, the network had 204,571,827 total wallet addresses, according to data from Ethereum-focused blockchain research firm Etherscan. Similarly, on August 2, the research firm estimated the total number of addresses to be 202,361,298. It shows a 2,210,529 increase, implying that the network added over 70,000 unique wallet addresses per day over the last 30 days.

The growing number of addresses indicates that cryptocurrency enthusiasts anticipate price increases ahead of the merger. At the very least, the depressed market has shown a broader interest in the second-largest cryptocurrency by market capitalization and has gotten involved with it at the appropriate time.

Notably, following the announcement of the merger, Ethereum’s price experienced short-term rallies in August. However, market volatility caused the price to fall once more.

Furthermore, on August 30, a glassnode report revealed that the Ethereum network’s wallet addresses in losses had reached a new high in the seven-day moving average of 38,001,366. Given that, ETH price movements to see what happens after the merger become more interesting.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked.

To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor


Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

Read three books and you will likely know more than the majority of people and will be able to discuss the topic at an intermediate to expert level.

  1. The Intelligent Investor by Benjamin Graham
  2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
  3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.

Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related