XRP Wallet Growth Curve
XRP wallet growth has outpaced Bitcoin and Ethereum, according to on-chain statistics.
XRP is rapidly gaining popularity.
The total number of holders of the largest cryptocurrencies has increased significantly in recent years, according to Santiment's on-chain statistics.
The "Total Holder Count" indicator tracks the number of addresses with a non-zero balance on the network.
Growth in this metric could indicate new investors in the blockchain space or repurchases from previous sellers. Existing users creating multiple privacy addresses could be the cause of this trend.
Every time the total number of holders increases, all three variables are in play, and thus there is likely to be net adoption of cryptocurrencies.
However, the bearish signal suggests that some investors are exiting the asset and liquidating their positions.
Here is a chart showing the trend of the total number of holders of Bitcoin, Ethereum, Tether, and XRP, the four largest cryptocurrencies by market volume.
As you can see from the chart above, the total number of holders of all four assets has increased dramatically in recent years. This means that the use of Bitcoin has increased.
Bitcoin, Ethereum, and Tether have been on a steady rise, while XRP has surged.
The chart shows that the total number of holders of the coin split on October 18. Interestingly, the price of the asset did not start rising until mid-November, so the rapid adoption may have helped the cryptocurrency run on a stable footing.
USDT has seen the highest long-term adoption, with the total number of holders increasing by 66% in the past two years. Ethereum is second with 47% and XRP is third with 28%. Bitcoin is fourth with 27% growth.