- XRP wallet count with non-zero balances has increased by 26% over the past year, reaching 4.95 million.
- Ethereum (ETH) leads the growth rate among cryptocurrencies, with the number of non-zero balance holders surpassing 112 million.
XRP’s Remarkable Wallet Growth
In a notable trend that underscores the growing popularity of XRP, the number of wallets holding a non-zero balance of the cryptocurrency has surged significantly.
A 26% Increase in XRP Wallets
According to the market intelligence platform Santiment, the count of XRP wallets holding more than 0 XRP has risen by 26% since January 2023. This increase has brought the total number of XRP holders to approximately 4.95 million. This data reflects a burgeoning community of enthusiasts, investors, and users actively engaging with the XRP ecosystem.
Comparing XRP with Other Cryptocurrencies
While XRP’s growth has been impressive, it is not alone in experiencing an uptick in adoption. Bitcoin (BTC) wallets have also shown substantial growth, with a 32% increase over the past year, bringing the count to 52.63 million.
Ethereum Leads in Holder Growth
Ethereum (ETH) outshines both XRP and Bitcoin in terms of growth rate. The number of Ethereum wallets with non-zero balances has reached over 112 million, indicating a staggering growth rate of more than 54%. This substantial increase is indicative of Ethereum’s strong position and widespread acceptance in the cryptocurrency market.
Cardano and Other Cryptocurrencies
The Cardano (ADA) network also recorded a significant rise in the number of non-zero balance wallets, reaching 4.47 million, a 38% increase over the past year. Although this figure is slightly lower than that of XRP, the percentage growth for ADA exceeds that of XRP.
Among other major cryptocurrencies, Dogecoin (DOGE) and Chainlink (LINK) have also seen growth in their holder counts. DOGE experienced a 22% increase, reaching 5.7 million wallets, while LINK saw an 11% rise, totaling 711.3k wallets.
Market Performance and Implications
The growth in wallet counts across various cryptocurrencies aligns with their overall market performance over the past year. CoinMarketCap data indicates significant price increases for Bitcoin, Ethereum, Cardano, and XRP since January 2023. However, the recent market downturn has somewhat leveled their trajectories, with XRP showing a 63% increase in value.
The increasing number of non-zero balance wallets across these networks highlights the expanding reach and adoption of cryptocurrencies. As the market evolves, these trends offer valuable insights into user engagement and the potential for further growth in the digital asset space.
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