The number of bitcoin owners has exceeded 23 million and Ethereum stablecoins outperformed the core coin in popularity

The number of bitcoin owners has exceeded 23 million

According to Glassnode, the number of bitcoin holders amounts to 23,1 million — they own 28,4 million addresses with a non-zero balance.

The growth in the number of investors is linear and monotonous, which indicates the maturity of the market, the study emphasizes. Moreover, the dynamics of changes in the number of holders is purely positive.

“In Bitcoin’s history there have been only 21 days so far in which the net entity growth was negative”, — Glassnode analysts point out.

The largest owners were the cryptocurrency exchanges Coinbase (983,800 BTC), Huobi (369,100 BTC), Binance (240,700 BTC), Bitfinex (214,600 BTC), Bitstamp (165,400 BTC), Kraken (132,100 BTC) and Bittrex (118,100 BTC).

Ethereum stablecoins outperformed the core coin in popularity

Most of the transactions in the ethereum network are stablecoins, not ETH itself, Ryan Watkins, an analyst at Messari said.

He thinks, this is due to the transfer of Tether tokens (USDT) to the Ethereum blockchain.

“On a weekly basis, a coup occurred in mid-2019. Since then, the change has been striking, ” Watkins wrote.

Tether began converting USDT coins to the ERC-20 protocol in April 2019. Currently, the Ethereum network has nearly 2.3 million USDT.