Bitcoin Seeing 309,000 New Addresses Per Day: How Do XRP & Ethereum Compare?

By: bitcoinist|2025/05/16 13:15:04
0
Share
copy
Data shows the Bitcoin network is currently observing a high amount of adoption. Here’s how other major assets like XRP and Ethereum stack up. Bitcoin Is Observing High Daily Average Wallet Creation Right Now In a new post on X, the on-chain analytics firm Santiment has discussed about how the average Network Growth has been like for the top assets in the sector during the past month. The “ Network Growth ” here refers to an indicator that measures the total number of new addresses that are being created on a given network every day. An address is said to be generated when it makes its very first transaction. When the value of this indicator goes up, it can be due to new investors joining the network or old ones who had sold earlier re-investing into it. Existing users creating multiple wallets to distribute their holdings for a purpose like privacy can also naturally add to this trend. In general, all three of these can be considered to be simultaneously at play to some degree whenever the Network Growth registers a spike, so some net adoption of the cryptocurrency could be assumed to be occurring. Now, here is the chart shared by the analytics firm that shows the trend in the Network Growth for the four largest cryptocurrencies by market cap: Bitcoin, Ethereum, XRP, and USDT. As is visible in the above graph, Bitcoin has consistently remained the top coin in the sector based on this metric during the last twelve months, implying it has been attracting more user interest than the rest. Over the past month, the daily average value of the indicator has stood at 309,000 for the cryptocurrency. Ethereum, the second largest digital asset, follows behind at 112,000, meaning the BTC network is expanding at a rate almost three times that of ETH’s. There is again a large gap between second and third, with the stablecoin USDT witnessing an average of 36,400 addresses being created per day. Finally, there is XRP in fourth, severely lagging behind the rest with its Network Growth sitting at just 3,500. Historically, adoption is something that has been constructive for cryptocurrency networks, as a wider userbase can provide for a more sustainable ground for futures price moves to grow on. That said, the effects of adoption are generally only visible in the long term. Considering that the Bitcoin network has been growing at an appreciable rate for a while now, the asset’s bull run may be positioned well, at least in the context of userbase growth. BTC Price Bullish momentum has gone cold for Bitcoin during the past week as the asset’s price has again returned to the $102,600 mark.

You may also like

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more

Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

To the Builders who are still persevering in the crypto industry

Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.

Oil Price Cools Off, Crypto Bounces Back

Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App

With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict

With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

Popular coins

Latest Crypto News

Read more