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Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights
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The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9.
The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0.
In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator. In doing so, the depositor gains the right to manage data, process transactions, and add new blocks to the upgraded ETH blockchain.
That prompts Glassnode analysts to treat the Ethereum addresses with a balance of 32 or more ETH
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