Ethereum Active Addresses Reach 19.45 Million in August — Highest Since May 2021

COINOTAG reports that, citing everstake.eth, Ethereum recorded 19.45 million active addresses in August, marking the highest tally since May 2021 (20.27 million). This update reflects a measurable uptick in on‑chain engagement as tracked by the active addresses metric, a standard indicator of network participation and wallet activity rather than price dynamics.

Market observers emphasize that such increases in Ethereum network usage provide tangible insights into transaction throughput and application demand. Institutional analysts and infrastructure providers routinely monitor these on‑chain metrics to gauge blockspace utilization and user adoption trends, while avoiding attribution of causality to short‑term market moves absent corroborating data.