Here’s Which Altcoins Are Dominating Wallet Counts and User Engagement

Santiment has recently published a decade-long analysis of key altcoins, highlighting the number of active wallets for each.

Leading the list is Litecoin (LTC) with 8.08 million active wallets, reflecting its established presence since its 2011 launch. This enduring user base suggests robust market confidence.

Dogecoin (DOGE) comes in second with 6.69 million active wallets, benefiting from its large community and significant support from public figures like Elon Musk.

XRP holds the third spot with 5.24 million active wallets, showing steady growth with an increase of about 340,000 wallets since the start of the year.

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In contrast, Chainlink (LINK) shows slower adoption, with 722,000 active wallets, the smallest number among the assets analyzed.

Shiba Inu (SHIB) has 1.39 million active wallets, indicating a growing user base, though not as extensive as Litecoin or Dogecoin. The number of SHIB wallets has been rising steadily.

Active address analysis provides further insights. SHIB had 21,799 active addresses as of late July 2024, with a peak of around 152,000 in early March. XRP had 95,273 active addresses, demonstrating more consistent user engagement.

Overall, this analysis reveals that Litecoin and Dogecoin have the largest and most stable user bases, while XRP and SHIB show continuous growth. Chainlink lags in terms of user adoption compared to the others.

Alexander Stefanov