There are more addresses than ever holding some measure of Bitcoin and Ethereum: the number of non-zero Bitcoin and Ethereum addresses just hit 32,925,521 and 50,476,989, respectively, according to data from the blockchain analytics site Glassnode.
Both numbers have risen steadily over the past year and are showing no signs of slowing down.
Non-zero Bitcoin addresses experienced their greatest degree of fluctuation back in 2018, in the wake of the bull run; as prices shot up, the number of addresses followed suit, before quickly dropping back down.
Growth in non-zero Ethereum addresses, by contrast, has been nearly constant since 2017.
This makes a kind of intuitive sense—as crypto adoption becomes increasingly mainstream, more and more traders are getting on board with these two coins, which have the largest and second-largest market capitalizations in crypto.
The total numbers of Bitcoin and Ethereum addresses are still much higher than their non-zero counterparts, since putting your money in the crypto market remains a tougher sell than just setting up an address.
There’s also a very decent chance these numbers will reach new highs in the near future; the previous all-time high for the number of non-zero Bitcoin addresses was set yesterday, and the Ethereum number’s previous ATH was set earlier today.