On-chain analytics firm Santiment has released new data revealing that Ethereum (ETH) is on the verge of a historic milestone, approaching 190 million unique wallet holders for the first time. This figure is more than triple that of Bitcoin (BTC), which currently stands at roughly 59.1 million non-empty addresses.
According to Santiment’s analysis, Ethereum’s dominance in the holder count is primarily driven by its rich DeFi ecosystem and the widespread use of smart contracts, which enable thousands of decentralized applications and stablecoin transactions. The platform noted that while Ethereum’s holder count has continued to climb, Bitcoin’s trajectory has remained flat over the past several months, suggesting a stall in adoption for the leading cryptocurrency.
Beyond Ethereum and Bitcoin, Santiment’s data also highlighted the holder counts for other major cryptocurrencies: Tether (USDT) on Ethereum has 13.6 million users, XRP has 7.8 million, USD Coin (USDC) has 6.8 million, Cardano (ADA) has 4.6 million, Dogecoin (DOGE) has 8.3 million, and Chainlink (LINK) has 871,000 users. Dogecoin notably overtook both XRP and Cardano in the holder ranking.
At the time of writing, Ethereum is trading around $2,270, down over 2% in the past 24 hours, while the broader market remains mixed.
