The crypto landscape is undergoing another quiet reshuffle — not in price charts, but in the number of people actually holding tokens.
- Ethereum leads all blockchains with over 269M token-holding addresses, followed closely by BNB Chain.
- Polygon posted the fastest holder growth at 5% amid rising DeFi and gaming activity.
- Bitcoin ranked only eighth by address count, reflecting its different ownership structure.
New data tracking wallet activity across major blockchains paints a clearer picture of where user growth is accelerating and which networks are struggling to keep up.
Ethereum’s Grip Holds Firm, BNB Chain Closes the Gap
Ethereum remains the undisputed heavyweight in terms of total token holders, surpassing 269 million active addresses. Yet the real surprise lies in the fast-approaching BNB Chain, which now counts 260 million token-holding wallets after an impressive 4.6% monthly rise. The competition between the two networks underscores how BNB Chain’s lower fees and vast ecosystem continue to attract new participants.
Layer-1 Veterans Stay Strong While Newcomers Expand
Tron secured third place with 169.8 million token holders — a figure that has barely budged in recent weeks, signaling consolidation rather than expansion. Solana and The Open Network (TON) rounded out the top five, each surpassing 140 million addresses and posting modest month-over-month gains.
Polygon stood out among the fastest risers, recording a 5% growth in holders, pushing its total above 112 million. Analysts attribute the surge to an uptick in decentralized finance (DeFi) and gaming applications that continue to choose Polygon for its scalability and low transaction costs.
Bitcoin’s Surprising Rank Below Several Altcoins
Perhaps the most unexpected name on the list is Bitcoin — not because it leads, but because it doesn’t. Despite being the most valuable and widely recognized cryptocurrency, Bitcoin came in eighth, with around 75 million unique token-holding addresses. Experts caution, however, that this figure doesn’t reflect individual ownership, as users often control multiple addresses or keep assets on exchanges.
Steady Growth Across Mid-Tier Chains
Networks such as NEAR Protocol, Aptos, and Mythos also showed incremental growth, highlighting steady adoption among emerging ecosystems. Smaller blockchains including Stellar, Celo, and peaq posted modest but consistent gains — a sign that user activity is spreading beyond the biggest networks.
Holder Expansion Signals Deepening Adoption
While price charts tend to dominate headlines, wallet data often tells a more enduring story. The growth in unique token-holding addresses across the industry hints at strengthening engagement, even during periods of market hesitation. With over a billion combined addresses across the leading networks, blockchain participation is more widespread than ever — and Ethereum’s continued dominance shows just how deeply rooted its ecosystem has become.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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