Ethereum hit 148.38M active wallets, nearly triple Bitcoin’s, signaling unmatched real-world adoption despite recent price weakness.
ETH wallet growth surged in 2025, outpacing all peers, as DeFi, NFTs, and L2 usage anchor Ethereum in institutional portfolios.
USDT and USDC wallet counts reflect steady demand for stablecoin utility, while DOGE and XRP show sentiment-linked volatility.
Ethereum now boasts 148.38 million active wallet holders, the highest of any crypto network as of June 5, 2025. This positions the smart contract leader far ahead of Bitcoin’s 55.39 million holders and reaffirms Ethereum’s dominance in real-world blockchain adoption.
https://twitter.com/santimentfeed/status/1931086522008105189
In a post by Santiment, it was noted that “crypto networks continue to grow over time,” with Ethereum showing no significant wallet drawdowns since July 2024. The asset’s consistent accumulation suggests increasing usage across DeFi protocols, NFT markets, and Layer 2 ecosystems. Wallet growth accelerated sharply in Q1 and Q2 2025, pushing ETH past the 140M mark.
Key Wallet Growth Signals Institutional Positioning
According to the performances of all the cryptos above, XRP, ETH, BTC, DOGE, TRX, ADA, LINK, Ethereum’s aggressive wallet expansion reshapes exposure strategies across digital asset portfolios. Despite a 34.48% price decline, ETH remains central in multi-asset custody plans and tokenized asset strategies.
Bitcoin's performance remains bullish, with a 47.46% annual price increase and a record $2.07 trillion market cap, reinforcing its role as a primary institutional reserve asset. BTC’s linear holder growth reflects broad-based confidence among both retail and professional investors.
Stablecoin Wallets Reflect Ongoing DeFi and CEX Usage
Tether (USDT) now registers 14.98M holders, followed by USD Coin (USDC) at 6.33M, both showcasing strong demand in DEX trading, remittances, and liquidity pools. These stablecoins are frequently used as base pairs and collateral assets, with minimal wallet volatility, a sign of sustainable utility.
The stability of USDT’s holder growth contrasts with market-linked assets like DOGE or XRP, which display choppy wallet movement depending on speculative sentiment. Institutional platforms continue to prefer USDT for hedging and risk-off strategies.
Altcoin Wallet Data Reveals Mixed Sentiment
Dogecoin leads altcoins in holder count at 7.97M, though its price only rose 11.65%, highlighting low conviction among new wallets. XRP, in contrast, delivered a 317.67% price gain, backed by 6.13M holders and strong bullish momentum that began in late 2024.
Cardano and TRON followed with 7.60M and 4.96M wallets, respectively, maintaining steady adoption. LINK now has 4.94M holders but saw a 22.12% drop in price, despite continued oracle integration across chains.
ETH may be down in price, but its unmatched wallet growth signals deep-rooted engagement. That said, sentiment remains split. Some see a quiet accumulation phase, while others expect the price to follow network fundamentals soon.
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