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

• Significant wallet growth for TON and Dogecoin reflects increasing interest in alternative cryptocurrencies.
• Stablecoin adoption remains robust, with USDT and USDC seeing substantial increases in user base.
• Ethereum and Bitcoin’s steady growth underscores their resilience and continued market dominance.

The cryptocurrency market has seen significant shifts in the past six months, with notable growth in the number of non-empty wallets across various top market caps. As per Santiment, a top analytic firm,TONcoin (TON) stands out with a remarkable 110% growth, now boasting 16.8K wallets. Dogecoin (DOGE) follows suit, experiencing a 27% growth, bringing its total wallets to 6.6 million.

USDT, the leading stablecoin, has also seen a surge in adoption, witnessing a 23% growth, totaling 5.7 million wallets. Similarly, USDCoin (USDC) has experienced a 16% growth, now with 2.1 million wallets. 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, here…

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