Ethereum address creation hits 35-month high: Did XRP provide the Spark?

[Donken]

Ethereum address creation hits 35-month high: Did XRP provide the Spark?

Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment.

The number of active addresses also surged on Dec. 14 to 714,081, though its all-time high came during the crypto boom in January 2018 when it topped 1.1 million according to Bitinfocharts.com.

There could be a number of reasons for the uptick in address creation and active addresses in recent months including the surge in DeFi liquidity mining offering good returns with ETH as collateral.

The anticipation of staking rewards on the newly launched ETH 2.0 Beacon Chain may have also driven address growth as investors buy ETH to stake on the new blockchain. And of course Bitcoin prices are back near all time highs, helping light a fire under other cryptocurrencies too.

Flare’s native FLR token will be used to collateralize the issuance of FXRP, a fully trustless representation of XRP on the network. The airdrop took a snapshot of XRP balances on Dec. 12, which coincided with the Ethereum address creation spike.

Flare explained that 45 billion Spark tokens will be distributed, with 15% claimable at the time of network launch which has been slated for three to six months’ time. The rest will be distributed over the next two years.


Read more here