Number of ETH holders grew 3.6x to 87M in 2022

The fig of Ethereum (ETH) holders grew 263% betwixt January and December 2022, according to a probe study by Crypto.com.

The fig of ETH investors spiked to 87 cardinal by the extremity of December from 27 cardinal successful January.

Comparatively, Bitcoin (BTC) owners grew by lone 20%, from 183 cardinal successful January to 219 cardinal successful December, arsenic per the report.

Despite the drastic autumn successful crypto prices done 2022, crypto adoption continued to increase. The full fig of crypto investors jumped from 306 cardinal successful January to 425 cardinal successful December, marking a maturation of 39%.

Although ETH holders grew much rapidly successful caller times, BTC holders inactive relationship for the bulk — making up 52% of planetary crypto owners holding. Meanwhile, ETH holders relationship for 20% of planetary crypto owners, according to the report.

Growth of ETH holders successful 2022. Source: Crypto.com

The immense maturation successful ETH holders was chiefly driven by the Merge, which transitioned Ethereum into a proof-of-stake network, the researchers noted. It added that the expanding popularity of ETH liquid staking and increasing involvement from organization players besides played a relation successful driving the adoption of the second-largest cryptocurrency.

The station Number of ETH holders grew 3.6x to 87M successful 2022 appeared archetypal connected CryptoSlate.