Renowned market research platform Santiment has published a 10-year study of major Altcoins and their respective non-empty wallets. The investigation showed the substantial user base of SHIB and XRP, shedding light on their respective market positions.
XRP Ledger (XRP) Displays Consistent Growth
Source: Santiment
Santiment claims that the XRP has 5.24 million non-empty wallets, demonstrating a large and well-established user base.
The number of XRP holdings has steadily increased over time, as seen on the Santiments chart. Nearly 340,000 additional non-empty wallets show how popular the XRP network is becoming.
Keep in mind that the number of XRP wallets with an adjust bigger than 0 XRP expanded by over 20% in January this year, coming to 4.95 million. Despite regulatory obstacles, XRP continues to maintain investor and market confidence.
Community of Shiba Inu (SHIB) Keeps Expanding
Meanwhile, Shiba Inu has 1.39 million non-empty wallets. However, this number is lower than other cryptocurrencies, such as Litecoin and Dogecoin, showing that SHIB is still in its early stages of development. Shiba Inu is also considerably younger than these assets.
The number of SHIB holders has continuously expanded all through the years. This places it over Chainlink, but underneath Dogecoin and Litecoin. This positioning implies that, while SHIB has a strong community, it is still growing compared to more established coins.
Dogecoin and Litecoin are the leaders
Concurring to investigate by Santiment, Litecoin as of now tops the list with 8.08 million non-empty wallets, which is the biggest number of any comparable asset.
Dogecoin has 6.69 million nonempty wallets. The number of Dogecoin wallets has increased dramatically because of excitement on social media and celebrity endorsements. Chainlink has grown, but at a slower rate than other assets.
Activity of SHIB and XRP Non-empty Addresses
Wallet addresses for SHIB and XRP display different behavior, as seen in the accompanying sentiment graphic, with Shiba Inu exhibiting less user activity.
As of July 24, 2024, SHIB had 21,799 active addresses. Notably, SHIB had a significant increment in dynamic addresses in early Walk 2024, coming to around 152,000 dynamic addresses.
Although there are many wallets that are not empty, the number of active addresses suggests that many of these wallets may not be constantly active.
However, XRP currently has 95,273 active addresses. With 60,000-160,000 active addresses, XRP has a more stable number of addresses than SHIB. This means that a larger percentage of XRP holders are taking part in network activities.
