{"id":282009,"date":"2022-12-15T14:15:41","date_gmt":"2022-12-15T14:15:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=282009"},"modified":"2022-12-15T14:11:30","modified_gmt":"2022-12-15T14:11:30","slug":"ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops\/","title":{"rendered":"Ethereum addresses with over 32 ETH hit ATH while participation rate drops"},"content":{"rendered":"<p>Glassnode data examined by <em>CryptoSlate<\/em> analysts revealed that the number of Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>) wallets that hold over 32 ETH hit an all-time high (ATH), even though the participation rate is lagging.<\/p>\n<h2>Number of addresses<\/h2>\n<p>The chart below demonstrates the changes in the number of ETH addresses that hold over 32 ETH since the beginning of 2018.<\/p>\n<figure id=\"attachment_282011\" aria-describedby=\"caption-attachment-282011\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282011 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2.png\" alt=\"ETH addresses with over 32 ETH\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-number-of-addresses-with-balance-32-eth-2-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282011\" class=\"wp-caption-text\">ETH addresses with over 32 ETH<\/figcaption><\/figure>\n<p>The data shows that the number of ETH addresses with over 32 ETH has been on a steady increase between January 2018 and January 2021. The numbers shrank only during a short period between January 2021 and July 2021.<\/p>\n<p>From July 2021 until December 2022, the number of addresses has been recording an increase and hit an ATH at 129,707. The previous ATH was recorded in late July 2020 at a close level to the current ATH.<\/p>\n<p><em>CryptoSlate'<\/em>s recent analysis also <a href=\"https:\/\/cryptoslate.com\/active-eth-addresses-reach-all-time-high-of-1-4m\/\">revealed<\/a> that the number of all ETH addresses recorded a new ATH by reaching 1,4 million.<\/p>\n<h2>Participation<\/h2>\n<p>The participation rate is a metric that reflects the ratio between the number of blocks successfully produced and the total available slots.<\/p>\n<p>The data shows that the participation rate has been lagging since the Merge, which took <a href=\"https:\/\/cryptoslate.com\/ethereum-completes-switch-to-pos-after-merging-beacon-consensus-chains\/\">place<\/a> on Sept. 15. With the Merge, the ETH network migrated to a proof-of-stake (POS) network from the proof-of-work (POW) one it previously used.<\/p>\n<figure id=\"attachment_282012\" aria-describedby=\"caption-attachment-282012\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282012 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3.png\" alt=\"ETH Participation Rate\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-participation-rate-3-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282012\" class=\"wp-caption-text\">ETH Participation Rate<\/figcaption><\/figure>\n<p>The chart below reflects the changes in the ETH participation rate since the beginning of 2021.\u00a0 The all-time low for this metric was recorded in Dec. 2020, and the second lowest appeared in late October 2021.<\/p>\n<p>While the participation rate has been more or less stable since then, a recent drop in the charts marked the lowest point for this metric since the Merge took place.<\/p>\n<h2>Validators<\/h2>\n<p>Despite the lagging participation rate, the number of active validators has been increasing steadily. The chart below shows the increase since January 2021.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-282010\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2.png\" alt=\"\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/glassnode-studio_ethereum-active-validators-2-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/> According to the numbers, there are currently 487,775 active validators on the ETH network. This number also marks an ATH for this metric.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glassnode data examined by CryptoSlate analysts revealed that the number of Ethereum (ETH) wallets that hold over 32 ETH hit an all-time high (ATH), even though the participation rate is lagging. Number of addresses The chart below demonstrates the changes in the number of ETH addresses that hold over 32 ETH since the beginning of [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":270936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,60206],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum addresses with over 32 ETH hit ATH while participation rate drops<\/title>\n<meta name=\"description\" content=\"Participation rate hits lowest since the Merge, while the number of active validators record a new ATH.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum addresses with over 32 ETH hit ATH while participation rate drops\" \/>\n<meta property=\"og:description\" content=\"Participation rate hits lowest since the Merge, while the number of active validators record a new ATH.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-15T14:15:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-15T14:11:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ethereum-addresses-with-over-32-eth-hit-ath-while-participation-rate-drops\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power. Research and writing are her favorite things in life, followed by dogs and burgers.","url":"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282009"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1262"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=282009"}],"version-history":[{"count":4,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282009\/revisions"}],"predecessor-version":[{"id":282070,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282009\/revisions\/282070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/270936"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=282009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=282009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=282009"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=282009"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=282009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}