Cryptocurrency

Bitcoin now has over 1B unique addresses, leaving Ethereum and Litecoin in the dust

The latest market crash has thrown Bitcoin into turmoil. Bitcoin, which fell from November’s all-time high of $69,000 to his two-year low of just $18,000, has dragged the rest of the market into the red.

However, unlike other cryptocurrency markets, Bitcoin has not seen a decline in activity on the network.

The latest data from Glassnode shows that the total number of unique addresses in the Bitcoin network has reached an all-time high. Over 1 billion unique addresses currently participate in Bitcoin transactions.

btc eth ltc unique address
A graph showing the total number of unique addresses for Bitcoin, Ethereum and Litecoin (Source: Glassnode)

This growth rate is unique to Bitcoin.

Ethereum, the second largest cryptocurrency by market capitalization and network size, is far behind. With 158 million unique addresses participating in his ETH transactions, Ethereum has yet to experience the growth rates seen in the Bitcoin network.

Litecoin, which spent most of the last decade as the third largest cryptocurrency by market capitalization, is just behind Ethereum with 148 million unique addresses. Also, the number of unique Litecoin addresses is growing at a faster rate than the number of Ethereum addresses. However, both networks have him somewhat stagnant in 2022.

Litecoin transaction count and volume greatly reduced from the beginning of the year.

Ethereum has experienced a similar drop in activity, Gas Fee It recently hit a one-year low, number of trades per day Decreased sharply from early summer.

Posted In: Bitcoin, Uncategorized

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