Ethereum nears 200 million non-empty wallets, widens lead over Bitcoin

Ethereum nears 200M non‑empty wallets as sentiment stays bearish. Participation grows while price talk dominates.

The Ethereum network is about 5 million wallets away from 200 million non‑empty addresses, per recent tracking reports. Santiment flagged steady address growth despite negative crowd mood on X.

Approximate current count is 195 million non‑empty wallets, based on the same dataset shared. That outpaces Bitcoin’s roughly 59 million wallets.

On‑chain participation remains broad. Growth ties to DeFi usage, staking, and active holders, according to the same Santiment view cited.

Context on consolidation. Analyst Materkel notes ETH was among the fastest assets to reach a $500 million valuation on X. He attributes recent supply to long‑term holders from the ICO era and sub‑$100 entries, framing the phase as healthy consolidation here.

NewsBTC highlights that major assets often consolidate for 5–20 years after explosive runs, before fresh expansions historically.