The number of non-empty wallets of Ethereum exceeded 200 million
Blockchain analysis platform Santiment reported that the number of non-empty wallets of Ethereum (ETH) exceeded 200 million for the first time, marking the adoption of the network. An important milestone. This number has continued to climb over multiple market cycles.
The Ethereum network currently has nearly 195 million non-empty wallets, which is about 230% higher than Bitcoin's 59 million. This lead has steadily expanded over multiple market cycles. Breaking the 200 million mark in the two weeks ending July 29 is the latest development in this trend.
Non-empty addresses measure wallets holding a certain amount of ETH and are used to track participation rather than short-term speculative activity. Sanitation believes that even if market sentiment turns negative, continued growth in wallet numbers means increased online engagement and long-term adoption.
Sanitation pointed out that user adoption and public sentiment are trending in the opposite direction, a pattern that has also appeared in previous periods of extreme panic.
XRP Ledger and Chainlink also set new records
This milestone growth is not limited to Ethereum. XRP Ledger's number of activated accounts exceeded 8 million for the first time in history. This statistic is more stringent than previous reports: the number of XRP wallets has exceeded 8 million before, but those totals include all wallets that have been created, including wallets that no longer exist. The new statistics only include accounts that are currently active and have funds.
XRP Ledger broke through 7 million active accounts in September last year, and it took about ten months to add its 8 millionth account in one of the toughest markets in XRP's history.
Sanitation also pointed out that the number of USDC non-empty wallets on Ethereum has exceeded 8 million, reflecting the deepening influence of the stablecoin on the network. At the same time, Chainlink (LINK) has more than 900,000 addresses, setting a new high for the oracle protocol, highlighting the growing demand for its decentralized data infrastructure.
Overall, these data suggest that although overall market sentiment remains cautious, several major networks continue to show structural growth in on-chain engagement. Sanitation said the increase in the number of wallets means greater online engagement and long-term adoption, a view consistent with the divergence trend between growth and price performance across the industry chain in 2026.

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