Number of ETH-holding addresses nears 200 million

The number of addresses holding Ethereum has reached approximately 195 million, according to on-chain analytics firm Santiment. In a post on X, Santiment noted that the number of ETH addresses has grown sharply over several cycles compared to other major assets. The current count is more than three times the number of Bitcoin-holding addresses, which stands at 59 million, and the gap between the two is steadily widening. The firm attributed this growth to Ethereum's dominance in DeFi, staking, and on-chain activity, indicating that holders are actively participating in the ecosystem. "While recent public investor sentiment has entered a state of extreme fear, long-term adoption is on the rise," Santiment explained.