Ethereum Surpasses Three Times More Wallets Than Bitcoin
Ethereum's wallet count has surpassed Bitcoin's by more than three times, according to new data from on-chain analytics firm Santiment. The total number of non-empty addresses on Ethereum now stands at an all-time high of 182.74 million, while Bitcoin trails behind with 58.51 million.
This significant gap in user adoption is largely attributed to Ethereum's smart-contract functionality, which supports a broad ecosystem of decentralized finance applications and tokens. This structural advantage has allowed Ethereum to draw in users who interact with multiple protocols rather than simply holding a single asset.
Ethereum surpassed Bitcoin in this metric back in 2019 and has since accelerated. The network's user base now dwarfs that of other major cryptocurrencies, including Tether (USDT) at 12.96 million addresses, Dogecoin (DOGE), XRP (XRP), USDC (USDC) and Cardano (ADA).