Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum soars with 3.3% user growth, Bitcoin slumps
ETHEREUM NEWS

Ethereum soars with 3.3% user growth, Bitcoin slumps

By Crypto FlexsSeptember 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum soars with 3.3% user growth, Bitcoin slumps
Share
Facebook Twitter LinkedIn Pinterest Email

According to on-chain data, Ethereum has significantly outpaced Bitcoin in adoption over the past three months, which could be a positive sign for ETH.

The number of Ethereum holders has increased by 3.3% over the past three months.

According to data from on-chain analytics firm Santiment, Ethereum continues to outpace Bitcoin in terms of growth in total holders, a metric that tracks the total number of addresses with non-zero balances on a given network, as the name suggests.

When the value of this indicator goes up, it means that new addresses with balances are appearing on the blockchain. This trend can occur when new investors enter the market and existing investors who previously sold are reinvesting.

This indicator also registers an increase when existing investors split their holdings into multiple wallets, presumably for privacy reasons. Since all three of these generally work whenever the indicator is rising, we can assume that some net adoption is occurring, which could be bullish for the asset.

On the other hand, a decline in the indicator could mean that some holders have decided to empty their wallets, possibly to get out of crypto altogether, at least in the short term.

Now, here’s a chart showing the trend of total holders for the top three coins in this space over the past few years: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Looks like the value of the metric has been on the way up for ETH | Source: Santiment on X

As you can see from the graph above, the total number of Ethereum holders has been trending upward over the past few years, and this trend has continued with 4 million new holders joining the network in the past three months.

In contrast to ETH’s growth, BTC’s total holders have been on a mostly sideways trajectory since 2021. Over the past three months, the leading cryptocurrency has actually seen a significant decline in its user base, emptying 50,000 addresses.

With recent increases, there are now about 127 million Ethereum holders, while Bitcoin holders are just 54 million. That means there are less than half as many Ethereum holders as Bitcoin holders.

The number one stablecoin, USDT, currently has 6 million addresses holding balances, up about 230,000 from three months ago.

While BTC’s total holder trend suggests that the coin has struggled to gain adoption, ETH continues to attract new users thanks to its rich ecosystem.

ETH Price

At the time of writing, Ethereum is trading around $2,400, down more than 4% over the last 24 hours.

Ethereum Price Chart

The price of the coin appears to have seen a sharp drawdown | Source: ETHUSD on TradingView

Dall-E, Featured image from Santiment.net, Charts from TradingView.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin leads a fragile password rally and market brace for the final game in September

September 19, 2025

Bybit Becomes First Crypto Exchange To Partner With QNB Group And DMZ Finance To Accept QCDT, Unlocking Institutional Access To Digital Assets

September 19, 2025

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Animation Powerhouse Maggie Kang To Join Programming Lineup

September 18, 2025

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin leads a fragile password rally and market brace for the final game in September

September 19, 2025

Bybit Becomes First Crypto Exchange To Partner With QNB Group And DMZ Finance To Accept QCDT, Unlocking Institutional Access To Digital Assets

September 19, 2025

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025
Most Popular

Arbitrum throws its hat into Celo’s migration to a layer 2 blockchain.

December 14, 2023

What Ethereum’s Increasing Burn Rate Says About the Network

November 25, 2023

Argentina will accept Bitcoin for contractual agreements, new minister says

December 22, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.