The renowned market intelligence platform Santiment has uncovered a notable surge in XRP adoption over the past year.
According to a new update from Santiment, the number of XRP wallets holding a balance greater than 0 XRP has skyrocketed by 26% since January 2023. Specifically, crypto market participants holding XRP have now reached a count of 4.95 million.
This new data reflects a growing community of XRP enthusiasts, investors, and users actively participating in the XRP ecosystem.
Besides, Santiment underscored that the network is experiencing significant expansion in the first week of 2024, building on the momentum gained in 2023.
However, XRP was not the only crypto project witnessing a surge in adoption rate. Santiment has similarly observed an uptick in the user base of Bitcoin adopters.
XRP Holders | Santiment
The number of non-zero Bitcoin (BTC) wallets is now 52.63 million. This figure represents a more impressive 32% growth over the past year than the number observed for XRP.
Ethereum Sees Highest Growth Rate
Meanwhile, Santiment’s data indicates that Ethereum (ETH) has witnessed the most significant growth in terms of holders over the past year. Notably, the number of ETH holders with non-zero balances has surpassed 112 million, reflecting a phenomenal growth rate of over 54%.
Moreover, the Cardano (ADA) ecosystem also recorded a substantial increase in this metric. The number of non-zero ADA wallets has reached 4.47 million.
Although this figure is approximately 500 thousand less than the count for XRP holders, the one-year percentage growth for ADA stands at an impressive 38%, surpassing the 26% growth observed for XRP.
Among the ranked crypto networks, the XRP ecosystem has outperformed only Chainlink (LINK) and the meme token Dogecoin (DOGE) regarding growth rates.
Specifically, the number of DOGE holders with balances greater than zero has reached 5.7 million, reflecting a 22% gain, while LINK’s wallets have reached 711.3k, representing an 11% growth.
It is worth mentioning that the growth observed in the number of holders for Bitcoin, Ethereum, and Cardano aligns with their commendable price performance over the past year.
However, the current bleeding trend in the market has impacted their overall trajectory, making it almost comparable to XRP’s. In particular, CoinMarketCap data shows Bitcoin is up 160% since January 2023, Ethereum 76.33%, Cardano 77%, and XRP 63%.
