Ethereum

<ul><li>Ethereum&#39;s market cap solidifies as the second-largest, driven by a surge in new wallet creations and investor confidence.</li><li>A significant reduction in Ethereum&#39;s exchange supply indicates a shift towards long-term holding and DeFi utilization.</li><li>The growing daily creation of Ethereum addresses reflects heightened market interest and potential technological advancements.</li></ul>Ethereum has been experiencing a notable surge in market dominance over Bitcoin, with a remarkable 22.4% increase in just the past week. This bullish trend is further evidenced by the daily creation of approximately 89.4 thousand new Ethereum addresses, a significant jump from the 70 thousand new addresses recorded per day in early November. The most striking figure was the creation of 96.3 thousand new wallets in a single day recently.Santiment, a platform with on-chain and social metrics for cryptocurrencies, shared an X post providing insights on the recent surge in Ethereum&#39;s market performance.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1d277a26ae7b4bd2aa684a5b95065be4.png" />This surge in Ethereum&#39;s popularity and investor interest is also reflected in its declining presence on exchanges. Over 10 days, the percentage of Ethereum&#39;s supply on exchanges has reduced from 8.18% to 8.10%. This shift suggests a growing trend of investors moving their assets off exchanges, indicating a preference for long-term holding strategies or use in decentralized finance applications.Read full article at<a href="https://cryptotale.org/ethereums-market-dominance-grows-as-new-addresses-skyrocket-surpassing-bitcoin/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Ethereum's Market Dominance Grows as New Addresses Skyrocket, Surpassing Bitcoin

CryptoTale

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