Cryptocurrency analytics company Santiment has revealed the crypto assets with the highest number of active wallets on their networks.
The data reveals which blockchains have larger and more active user bases, while also offering important signals about market dynamics.
According to the latest data shared by Santiment, Ethereum topped the list with approximately 167.96 million active wallets. Bitcoin followed with 57.62 million active wallets. On the stablecoin front, Tether (USDT) reached 9.63 million active wallets, while USD Coin (USDC) reached 4.39 million.
Other prominent networks include Dogecoin (8.13 million), XRP Ledger (7.41 million), Cardano (4.54 million), and Chainlink (819 thousand). Santiment notes that this metric is one of the key indicators reflecting long-term network usage and investor interest.
On the other hand, Santiment also provided assessments regarding Bitcoin price movements and risks in derivative markets. According to the analysis, Bitcoin recently experienced a rapid rise to approximately $90,087 on Coinbase, before quickly retreating to around $86,580. The company argued that rising positive funding rates on exchanges indicate an increase in leveraged long positions, which has historically led to sharp liquidations and periods of high volatility. Such periods typically result in local peaks and sudden pullbacks.
*This is not investment advice.
