Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow?

All eyes have been on the Ethereum network since it moved from a Proof of Work (PoW) to a proof of Stake (PoS) mechanism. Granted, the digital asset’s price hasn’t done as well as many had predicted it would after the upgrade but the new functions of the network remains fascinating. Now, Ethereum has marked another milestone following the upgrade, with the largest single growth day recorded so far in 2022. Growth On Steroids Activity on the Ethereum blockchain has been higher since the Merge was completed. The steady increase had inadvertently led to the highest growth day on record for Ethereum in the year 2022. The previous high for the year had been back at the beginning of January but the numbers recorded on Saturday, October 8, had effectively crushed the January 3rd numbers. Related Reading: Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price? On-chain data analysis firm, Santiment, said that on October 8th, a total of 135,780 new Ethereum addresses were created. This was 11.1% higher than the numbers from January and is now a new all-time high for the network in 2022. 📈 #Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network. This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Utility rises commonly foreshadow potential asset breakouts. https://t.co/tIRv6sJxJc pic.twitter.com/boA6v5jk8W — Santiment (...