The post Ethereum Users Surge 9x In 4 Years: Bitwise Report appeared on BitcoinEthereumNews.com.

Crypto Live News Author: Elena R Elena R Author Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Jun 6, 2024 18:44 According to data from Bitwise, there were around 250,000 daily active users in the Ethereum ecosystem in Q1 of 2020, which included only the Ethereum mainnet, Polygon, and Arbitrum. This figure has grown to approximately 2.25 million in just four years, now including L2s Optimism, zkSync, and Base. This nearly 9x increase over the period reflects a genuine adoption of Ethereum despite the challenging market conditions. Bitwise’s study also revealed that the proportion of activity directly on the Ethereum mainnet has decreased, illustrating the growth and adoption of L2 networks. Source: https://coinpedia.org/crypto-live-news/ethereum-users-surge-9x-in-4-years-bitwise-report/

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Filed under: News - @ June 6, 2024 4:16 pm