According to new data from Santiment, Ethereum ($ETH) has gained a significant advantage over other cryptocurrencies in terms of number of active users. The Ethereum network has shown parabolic growth in more than just the number of holders. Numerically speaking, $ETH There are currently 182.74 million non-zero wallets.
For comparison, Bitcoin (BTC) and Tether (USDT) have 58.51 million and 12.96 million non-zero wallets, respectively. Therefore, we can say that Ethereum currently has 3.12 times more holders than Bitcoin and 14.1 times more than the most popular stablecoin.
Ethereum’s lead over Bitcoin widens as non-zero wallets proliferate
Interestingly, the tipping point occurred more than seven years ago on February 11, 2019, when Ethereum surpassed Bitcoin in the number of wallets with balances above zero for the first time. Since then, the gap has only widened.
When it comes to other major tokens such as XRP, ADA, and Dogecoin, their number of holders is also significantly smaller and remains at the lower end of the chart when compared to the size of Ethereum and Bitcoin.
Why is this important? An increase in the number of non-empty wallets is considered a key indicator of real network adoption. In the case of Ethereum, this will be driven by the development of a decentralized financial ecosystem, tokenization, stablecoins, and layer 2 networks. All of this requires $ETH An account for paying fees and participating in operations.
This structural demand continues to strengthen Ethereum’s position as the primary payment layer for a wide range of on-chain financial and technology activities around the world. As adoption expands, network effects could further accelerate user growth.
