Data from Etherscan shows that about 70,000 new private addresses are joining the Ethereum network every day.
As Ethereum (ETH) approaches the highly anticipated Merge update, the Ethereum network is recording significant network movements every day.
Ethereum Network Movements Increase
Every day, new important data is shared on the Ethereum network before Merge. It is obvious that Merge has created an interest in Ethereum and a rise expectation beyond interest. Apart from the price increase, the number of users benefiting from Ethereum’s network features is also increasing.
Private network name in Ethereum Source: Etherscan.ioThe latest data shared by Etherscan shows that the activity on the Ethereum network is increasing as the Merge update approaches. As seen in this chart, there is a serious change in the number of private addresses in Ethereum in August and September. It is impossible to say that all the addresses in this data are active or that each address represents a user. While a user can have more than one address, it does not provide us with data about the activity of each address.
Although Ethereum Merge has created the expectation of a rally in price by many authorities, users and investors, this major update is not only interpreted as price movement. The update, which will allow safer and regular use of the Ethereum network, has become a topic that is eagerly awaited by everyone.
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