Ethereum Wallet Count Surges to 195M, Nears Major Milestone

Crypto analytics firm Santiment reports that Ethereum continues to show strong network expansion despite persistently negative overall market sentiment.

The network now holds close to 195 million non-empty wallets, putting it just around 5 million away from the 200 million milestone. This figure also highlights a significant gap compared to Bitcoin, with Ethereum’s wallet count sitting roughly 230% higher than Bitcoin’s estimated 59 million wallets.

This growth has been largely driven by ongoing activity in decentralized finance (DeFi), staking participation, and broader on-chain engagement, in which users interact directly with applications rather than simply holding assets.

Meanwhile, social media sentiment has remained weak, with discussions leaning toward extreme fear and concerns over recent underperformance. Even so, the continued rise in wallet creation suggests that Ethereum’s user adoption across its ecosystem is still steadily expanding.

Source: Santiment