- Ethereum non-empty wallets reach 182.74M, surpassing Bitcoin and Tether by a wide margin.
- Ethereum overtook Bitcoin in total holders on Feb. 11, 2019, and has expanded steadily since.
- CryptoQuant data shows Ethereum price gains often accompany higher network activity.
Data from Santiment shows that Ethereum’s user base has expanded over the past decade, with the number of non-empty wallets on the network now far exceeding that of other major digital assets.
According to data, Ethereum currently has approximately 182.74 million non-empty wallets. The figure places the network ahead of Bitcoin, which has about 58.51 million wallets, and Tether, with roughly 12.96 million wallets.
Based on these totals, Ethereum has over 3.12 times as many wallets as Bitcoin and around 14.1 times as many as Tether, highlighting the scale of its holder base and ongoing network activity tied to decentralized applications and smart contract usage.
Ethereum Surpassed Bitcoin in Wallet Holders in 2019
Historical data in the chart tracks the growth of wallet addresses across several major cryptocurrencies over the past ten years. The data identifies February 11, 2019, as a key turning point, when Ethereum first surpassed Bitcoin in total wallet holders.
Since reaching that mark, Ethereum’s address count has continued to increase. The expansion coincides with broader activity across the network, particularly the growth of decentralized finance applications, non-fungible tokens, and other smart-contract-based services.
In contrast, Bitcoin’s wallet growth follows a more gradual pattern over the same period. While the number of Bitcoin addresses has steadily risen, the pace of growth appears slower than Ethereum’s long-term upward trend.
Tether, despite its widespread use as a trading liquidity provider, shows a much smaller address count than either network.
Active Wallet Activity Spikes Alongside Price Volatility
Separate data from CryptoQuant highlights how Ethereum’s network activity has evolved alongside price movements between early 2023 and early 2026. The chart compares Ethereum’s market price in U.S. dollars with the number of daily active wallet addresses on the network.
During early 2023, Ethereum traded around $1,500, while daily active addresses generally ranged between 250,000 and 350,000. Network activity remained relatively stable through much of 2023 and 2024, with occasional spikes in address usage.
Price movements became more volatile through 2024 and 2025, with Ethereum rising to levels near $4,500 before retreating toward the $2,000 range in the latest portion of the chart. Over the same period, daily active addresses also showed stronger fluctuations, with several sharp surges in activity, particularly toward late 2025 and early 2026.
The pattern suggests that periods of rising prices tend to coincide with increased on-chain participation, indicating that market rallies often attract more users and transactions across the Ethereum network.
Related: Ethereum Consolidates Near $3,350 Level as New Wallet Activity Surges
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