Stablecoin Surge as Ethereum and Bitcoin Hold Steady: Modest Growth or Potential Breakout?

Significant Wallet Growth for Alternative Cryptocurrencies

The cryptocurrency market has witnessed a surge in the number of non-empty wallets, reflecting growing interest in alternative cryptocurrencies. According to data from Santiment, TONcoin (TON) has experienced an impressive 110% growth in wallets, now boasting 16.8K. Dogecoin (DOGE) has also witnessed a notable 27% growth, bringing its total wallets to 6.6 million.

Stablecoin Adoption Remains Robust

Stablecoins continue to gain traction, with USDT and USDC seeing substantial increases in user base. USDT, the leading stablecoin, has witnessed a 23% growth, totaling 5.7 million wallets. USDCoin (USDC) has also experienced a 16% growth, now with 2.1 million wallets.

Ethereum and Bitcoin Maintain Market Dominance

Ethereum and Bitcoin, the two largest cryptocurrencies by market capitalization, have observed more modest growth rates of 11% and 10%, respectively. Ethereum now has 120.7 million wallets, while Bitcoin has 53.9 million.

Sorted by greatest growth in the past 6 months:

1. TONcoin (110%)
2. Dogecoin (27%)
3. USDT (23%)
4. USDC (16%)
5. Ethereum (11%)
6. Bitcoin (10%)