- BTC and ETH lead wallet expansion, adding 102,000 and 645,000 wallets, respectively.
- XRP and DOGE see continued gains with 58,000 and 29,000 new wallets.
- Chainlink experiences a 3,300-wallet decline, while Cardano adds 2,800 wallets amid proceeding network scalability upgrades.
The start of 2025 has brought changes to the cryptocurrency market, accompanied by a notable shift in wallet counts. The fluctuations in wallet numbers across many blockchain networks provide insight into the evolving sentiment among crypto holders.
These shifts in wallet activity highlight changes in participation within the decentralized ecosystem. Santiment data indicates that XRP wallets increased by 1%, Ethereum by 0.5%, and Cardano by 0.1%. Chainlink wallets decreased by 0.5%. Bitcoin and Dogecoin maintain steady trends.Â
Bitcoin and Ethereum Lead Wallet Growth
BTC took a wave in wallet growth, adding 102,000 new addresses since the beginning of 2025. This increase underlines ongoing interest in the leading asset, which continues to attract new players despite market fluctuations.
ETH, another major player, saw an even more pronounced rise with 645,000 additional wallets. This significant growth reflects heightened activity within its ecosystem, potentially fueled by advancements in decentralized applications and smart contract functionalities.
XRP Ledger and Dogecoin Show Steady Gains
XRP registered an increase of 58,000 wallets, demonstrating continued interest in its use cases. This growth follows ongoing developments within the XRP Ledger and its utility in cross-border transactions.
During this period, Dogecoin added 29,000 wallets to its community. The rise is indicative of sustained engagement from its holders, which correlates to the broader interest in meme based cryptocurrencies.
Mixed Trends for Cardano and Chainlink
In recent weeks, ADA did report a modest gain of 2,800 accounts, but that is still slower but steady adoption. Part of Cardano’s growth is because its network is evolving with ongoing upgrades to improve scalability and usability.
In contrast, LINK experienced a decline of 3,300 wallets. This reduction may indicate temporary shifts in sentiment among its holders, potentially influenced by market conditions or specific developments within the Chainlink ecosystem.
