Ethereum Crosses 200 Million Non-Empty Wallets Blockchain analytics platform Santiment reports that $ETH has surpassed 200 million non-empty wallets for the first time, marking a significant
Blockchain analytics platform Santiment reports that $ETH has surpassed 200 million non-empty wallets for the first time, marking a significant adoption milestone for the network. The figure has been climbing steadily across multiple market cycles. The network boasts nearly 195 million non-empty wallets, roughly 230% more than Bitcoin's 59 million, extending a lead that has steadily widened throughout multiple market cycles. The crossing of the 200 million threshold, reported in the two weeks to July 29, represents the latest step in that trend.
Non-empty addresses measure wallets holding some amount of ETH, tracking participation rather than short-term speculative activity. Santiment views rising wallet counts as a sign of stronger network participation and long-term adoption, even when price sentiment turns negative. Santiment noted that user adoption has moved in the opposite direction from crowd sentiment, a pattern that has appeared before during periods of peak fear.
The milestone rally extends beyond Ethereum. The XRP Ledger has officially crossed the 8 million activated accounts milestone for the first time in history. This count is more rigorous than earlier reports: XRP wallet counts had exceeded 8 million before, but those totals included every wallet ever created, including ones that no longer exist. The new count only includes accounts that are live and funded today.The ledger crossed 7 million activated accounts last September and needed about ten months to add the eighth million, right through one of the roughest markets XRP has ever traded in.
Santiment also notes that $USDC on Ethereum has crossed 8 million non-empty wallets, reflecting the stablecoin's deepening footprint on the network. Meanwhile, Chainlink $LINK has exceeded 900,000 holding addresses, a fresh high for the oracle protocol that underscores growing demand for its decentralised data infrastructure.
Taken together, the figures point to continued structural growth in on-chain participation across several major networks, even as broader market sentiment has remained cautious. Santiment says rising wallet counts indicate stronger network participation and long-term adoption, a view consistent with the divergence between on-chain growth and price performance seen across the sector in 2026.
Sources:Santiment: Ethereum Still Being Adopted at Rapid Pace Despite Negative PressThe Crypto Basic: XRP Finally Crosses the 8M Activated Accounts Milestone After 13 Years247 Wall St: XRP Ledger Crosses 8 Million Activated Accounts
