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Bitcoin has 140 times more active addresses per day than XRP

May 21, 2020

Bitcoin (BTC) continues to lead the popularity contest among major cryptocurrenciesHowever, it currently contains fewer coin addresses than Ethereum.

According to the chain market analyst Glassnode Bitcoin has almost three times more active addresses per day than Ethereum (ETH), eleven times more than Litecoin (LTC) and 140 times more than Ripple (XRP)..

Bitcoin: active addresses vs. Ethereum: Active addresses

Bitcoin has 140 times more active addresses per day than XRP
Bitcoin has 140 times more active addresses per day than XRP

Source: Glassnode

Bitcoin is growing faster than others

The number of new Bitcoin addresses that are created daily is almost five times as high as that of Ethereum. The new addresses of the largest cryptocurrency reached almost 470,000 within 24 hours a day after bisecting Bitcoin, unlike Ethereum, which only increased by 90,000 new daily addresses.

Bitcoin: new addresses vs. Ethereum: new addresses

Source: Glassnode

The number of addresses with more than 0.1 BTC and more than 1 BTC also reached a new all-time high (ATH): 3,053,970 and 815,698, respectively.

Is it real growth?

However, 95% of the total number of available Bitcoin addresses, 626 million, do not have Bitcoin. This questions the state of real network growth.

Bitcoin: addresses with non-zero credit vs. Bitcoin: total addresses

Source: Glassnode

The Ethereum appears to be positive

However, after the upward trend in 2017/2018, millions of Bitcoin addresses were cleared to zero several times The number of Ethereum addresses with a positive balance continued to grow.

Since February 2019, Ethereum has surpassed Bitcoin in the number of addresses with money and currently has almost 10 million more than Bitcoin.. The need to follow instructions with small amounts of Ethereum for gas can explain part of the difference.

Bitcoin: addresses with non-zero credit vs. Ethereum: addresses with non-zero credit

Source: Glassnode

The number of active wallets to wallets with money in Bitcoin and Ethereum is 3% and 0.8%, respectively. If you consider that Ethereum has millions of other addresses with tokens, but only a third of Bitcoin’s active addresses, this suggests Small farmers and network users are more likely to invest in Ethereum, while large farmers and traders are more likely to invest in Bitcoin.