The number of Bitcoin and Ethereum addresses with non-zero balances hits a new all-time high

There are now more addresses holding Bitcoin and Ethereum than ever before: According to blockchain analytics site Glassnode, the number of Bitcoin and Ethereum addresses with non-zero balances just reached 32,925,521 and 50,476,989, both record highs.

The number of Bitcoin addresses with non-zero balances has reached a new all-time high

Both figures have been growing steadily over the past year and show no signs of slowing down.

Following the 2017 bull run, Bitcoin addresses with non-zero balances experienced their greatest volatility in 2018; as the price surged, the number of addresses also increased, then quickly dropped.

In contrast, the growth of Ethereum addresses with non-zero balances has remained almost constant since 2017.

This has a macro sense - as cryptocurrency adoption becomes more mainstream, more traders are starting to use these two cryptocurrencies, which have occupied the top two market capitalizations in cryptocurrencies.

The same is true for the growth of Ethereum addresses.

The total number of Bitcoin and Ethereum addresses is still much higher than the non-zero addresses of other cryptocurrencies because it is still more difficult to put money into the crypto market than to establish an address.

These figures are also likely to reach new highs in the near future.