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Wrapped Ethereum Network Activity Reaches Annual High, Santiment Data Shows

According to Santiment (crypto market analytics platform), Wrapped Ethereum recorded 32,058 new wallet addresses and 46,650 active wallet addresses, with Cointelegraph reporting the figures on April 9.

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Summary

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Terms & Concepts
  • Wrapped Ethereum: A tokenized version of Ethereum used on blockchain applications, typically designed to maintain a 1:1 value with ETH.
  • Active wallet addresses: Blockchain addresses that sent or received transactions during a given period, often used as a measure of network activity.
  • Wallet addresses: Unique blockchain account identifiers used to send, receive, or hold digital assets.