Ethereum Seeing Waning Address Activity

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Ethereum Seeing Waning Address Activity
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Active Ethereum addresses have dropped to a four-month low

@santimentfeed

This comes a little more than a month after the second-largest blockchain transitioned to the proof-of-stake consensus algorithm. This suggests that the hype surrounding the much-anticipated upgrade hasn't materialized just yet. On Monday, Ethereum recorded less than 400,000 addresses on the network, which is the lowest level since June 26. In late July, Ethereum recorded a massive spike in active addresses, but it wasn't related to adoption metrics.

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