Santiment, a leading market intelligence platform, has shared insights into the growth of non-empty wallets among top market cap cryptocurrencies over the past six months. While some cryptocurrencies have seen significant upticks in wallet adoption, others have experienced more modest growth.
Toncoin has emerged as a standout performer, exhibiting a remarkable surge of 110% in non-empty wallets over the past six months. This substantial growth, totaling 16.8K wallets, underscores a burgeoning interest in Toncoin among investors.
Following closely behind, Dogecoin demonstrates a substantial increase of 27% in non-empty wallets, totaling 6.6 million. Despite its origins as a meme coin, Dogecoin continues to attract a significant user base, contributing to its enduring popularity.
The stablecoin sector also commands attention, with USDT and USDC experiencing notable growth in wallet adoption. USDT records a 23% increase, totaling 5.7 million wallets, while USDC follows suit with a 16% growth, amassing 2.1 million wallets. These figures reflect the growing reliance on stablecoins within the cryptocurrency ecosystem, driven by their stability and utility in facilitating transactions.
Meanwhile, Ethereum and Bitcoin, two prominent cryptocurrencies, demonstrate more moderate growth in wallet adoption. Ethereum registers an 11% increase, reaching 120.7 million wallets, while Bitcoin records a 10% growth, totaling 53.9 million wallets. Despite their established positions in the market, both cryptocurrencies continue to attract new users, albeit at a slower pace compared to their counterparts.
In contrast, XRPLedger and Chainlink exhibit relatively modest growth in wallet adoption. XRP observed a 7% increase, accumulating 5.2 million wallets, while Chainlink recorded a 6% growth, totaling 727K wallets. These figures suggest a more subdued interest in these cryptocurrencies among investors, possibly influenced by market dynamics and evolving trends.
Notably, Cardano appears to have stagnated in terms of wallet growth, recording a 0% change over the past six months. Despite its promising technology and ambitious roadmap, Cardano faces challenges in expanding its user base, highlighting the competitive landscape of the cryptocurrency market.
