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Main page  |  News  |  Santiment: Ethereum - 160 million wallets, Dogecoin in top-4. Analysis of the user base of crypto networks

Santiment: Ethereum - 160 million wallets, Dogecoin in top-4. Analysis of the user base of crypto networks

09.10.2025

📊 Santiment: Crypto networks are breaking user records — 160 million Ethereum wallets and hidden market trends

Analytical platform Santiment published data confirming the structural growth of the cryptosphere: the number of active (non-empty) wallets in the largest networks has reached historical highs. The leadership with a huge margin is held by Ethereum — 160.4 million addresses, which is 2.8 times higher than the Bitcoin indicator (56.9 million).
 
These figures are not just popularity metrics. This is an indicator that the crypto industry has moved from the stage of speculative hype to the phase of stable user base, comparable in scale to major technology platforms.
 

🏆 Top 8 networks by number of active wallets

The distribution of the user base demonstrates several unexpected patterns:
 
🔹 Ethereum: 160.4 million — absolute leader, DeFi/NFT/L2 ecosystem;
🔹 Bitcoin: 56.9 million — «digital gold» with a stable base of holders;
🔹 Tether (USDT): 8.9 million — indicator of real payment activity;
🔹 Dogecoin: 8.1 million — unexpected entry into the top 4, power of the retail segment;
🔹 XRP: 7.1 million — stability of the classic altcoin;
🔹 Cardano: 4.5 million — loyal academic community;
🔹 USDC: 4.0 million — institutional stablecoin Circle;
🔹 Chainlink: 802.5 thousand — the only infrastructure project in the top 8.
 
In total, eight networks have accumulated ~300 million active wallets — this is already comparable to the audience of major global fintech platforms like PayPal (~430 million users).