Substantial Increase in Crypto Holders in the Last Two Years, Santiment Reports According to a recent report from Santiment , a leading crypto market intelligence platform , there has been a substantial increase in the number of non-empty cryptocurrency wallets over the past two years . The report highlights significant growth in wallet holders for the top four cryptocurrencies by market capitalization : Bitcoin (BTC) , Ethereum (ETH) , Tether (USDT) , and XRP . The data shared by Santiment on X (formerly Twitter) reveals the following wallet growth: Bitcoin (BTC) wallets grew by 27% , reaching a total of 54.7 million . Ethereum (ETH) wallets increased by 47% , reaching 134.9 million . Tether (USDT) wallets saw a 66% rise , bringing the total to 6.57 million . XRP wallets grew by 28% , with a total of 5.75 million . Strong Growth in Major Cryptocurrencies The significant increase in the number of non-empty wallets for these top cryptocurrencies is a strong indicator of growing adoption and participation in the crypto market . The increase in holders suggests that more individuals and institutions are accumulating cryptocurrencies , contributing to their rising popularity and recognition as viable investment assets. Bitcoin (BTC): Continued Market Dominance Bitcoin, the largest cryptocurrency by market cap , has seen a 27% growth in the number of wallets holding Bitcoin in the past two years. The total number of non-empty Bitcoin wallets now stands at 54.7 million , reflecting Bitcoin’s continued dominance and appeal as a store of value and digital asset . As institutional adoption of Bitcoin continues to grow, more users are entering the ecosystem, adding to the total number of wallets and contributing to its growing market liquidity . Ethereum (ETH): Leading Smart Contract Platform Ethereum , the second-largest cryptocurrency by market cap , has experienced a remarkable 47% rise in wallet holders over the last two years, with the number of non-empty Ethereum wallets reaching 134.9 million . Ethereum’s continued growth is driven by the increasing adoption of decentralized applications (dApps) and the rise of the DeFi (Decentralized Finance) ecosystem, where Ethereum serves as the foundational platform. The growth in Ethereum wallets reflects its expanding use case and its pivotal role in the smart contract space. Tether (USDT): Stablecoin Growth Tether (USDT) , the largest stablecoin by market capitalization, has seen the most significant growth among the top cryptocurrencies, with a 66% increase in wallets holding Tether over the past two years. The number of non-empty Tether wallets has surged to 6.57 million . This growth underscores Tether’s role as a widely-used digital dollar for trading and transferring value in the crypto market. The stablecoin is used as a bridge between cryptocurrencies and fiat currencies, making it an essential tool for crypto traders and investors seeking stability in volatile markets. XRP: Growing Interest in Cross-Border Payments XRP , the native token of the Ripple network, has also experienced a 28% increase in wallet holders, bringing the total number of XRP wallets to 5.75 million . XRP is often used for cross-border payments , and its growth suggests that more individuals and institutions are using the token for remittances and international transfers . Ripple’s push for greater regulatory clarity and its involvement in multiple financial partnerships have likely contributed to the growing adoption of XRP . Implications of Increased Crypto Holders The substantial rise in crypto holders across these major coins suggests a positive trend for the cryptocurrency market. More wallet holders mean greater participation in the market, leading to increased liquidity , price discovery , and a broader adoption of cryptocurrencies as mainstream assets . As more users and investors accumulate these digital assets, the market becomes more resilient and mature, creating a more robust ecosystem for the long-term future of cryptocurrencies. In addition, the growth in wallets indicates a wider acceptance of cryptocurrencies as stores of value , payment methods , and investment tools , especially as institutional investors and retail investors continue to embrace the crypto market. Conclusion: Crypto Adoption Continues to Surge The data from Santiment clearly shows that the number of crypto holders has experienced a significant surge over the last two years. The growth of wallets for Bitcoin , Ethereum , Tether , and XRP reflects an ongoing trend of adoption in the cryptocurrency market, driven by both retail and institutional investors . As the market continues to mature and cryptocurrencies become more integrated into the global financial system , this growth in holders is a positive sign of the future of digital assets . As more individuals and organizations enter the space, the crypto ecosystem will likely continue to evolve, offering new opportunities for investment, financial inclusion , and technological innovation . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
