Bitcoin, 140 times the number of active addresses compared to XRP

 

Although Bitcoin (BTC) continues to be by far the most popular crypto currency, it has fewer wallets actually containing coins than Ethereum (ETH).

According to a study conducted by Glassnode, Bitcoin has almost 3 times more active addresses than Ethereum, as well as 11 times more Litecoin (LTC) and 140 times more Ripple (XRP).

 

BTC’s number of wallets is growing rapidly…

In addition, the number of new Bitcoin addresses created daily is almost five times more than Ethereum. The day after the halving, 470,000 new Bitcoin wallets were created but only 90,000 of Ethereum.

 

The number of addresses containing more than 0.1 and 1 BTC has recently broken a new record:

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The number of addresses containing one or more coins has just reached an all-time high of 815,698.

The previous historical high was 815,615, recorded on May 19, 2020″.

However, 95% of Bitcoin’s wallets – as many as 626 million addresses – do not even contain a satoshi. This puts the real growth rate of the network into question.

Small investors prefer ETH to BTC?

Following the bull run between 2017 and 2018, millions of Bitcoin addresses have been emptied and no longer contain any currency. On the contrary, the number of Ethereum addresses with a positive balance sheet continues to grow steadily.

In February 2019, Ethereum even outperformed Bitcoin in terms of addresses containing more than 0 cryptocurrency units: ETH wins by more than 10 million wallets. However, the need to maintain addresses with small amounts of Ether per gas could be the reason for this difference.

Since Ethereum has many more wallets containing tokens but only one-third of Bitcoin’s active addresses, it is likely that small investors are more likely to buy ETHs while large traders are more attracted to BTC.