The number of non-zero-balance addresses in the Ethereum network has reached 195 million, approaching 200 million, while in the Bitcoin network this figure is only about 59 million. According to analysts Santiment, the widening gap reflects the increased use of Ethereum in the global blockchain economy. Experts associate this dynamic with the network’s dominance in the DeFi market and the development of steakmaking after the move to Proof-of-Stake, which creates incentives for long-term asset retention and generation of new addresses even during periods of market volatility.

Analysts emphasize that the number of addresses is not exactly equivalent to the number of real users, because one person can control multiple wallets and only a fraction of the addresses contain small amounts. However, the consistent multi-year growth of the indicator confirms a fundamental difference in the roles of the two largest cryptocurrencies: Bitcoin continues to serve as a tool for saving, whereas Ethereum acts as the basic infrastructure for a wide range of decentralized services and applications.

As an additional confirmation of interest in long-term broadcasting retention, the Glassnode platform data serves. According to a SharpLink report, there are now more than 85 million ETHs in Steakking, which exceeds 70% of the total volume of coins in circulation. This indicates that investors remain committed to the network and continue to lock in assets for passive income, despite general market caution.