Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Bitcoin (BTC) tops the list with 963.64K active addresses.
- The recently introduced Worldcoin (WLD) has also made it into the top 10 rankings.
The cryptocurrency market has faced a significant downturn in recent weeks. The leading cryptocurrencies have demonstrated considerable bearish momentum. Conversely, data from Santiment indicates that several cryptocurrencies have recorded the highest levels of address activity.
The top 10 assets by highest level of address activity:
1 @Bitcoin $BTC
2 @ethereum $ETH (#BinanceChain)
3 @Tether_to $USDT
4 @0xPolygon $MATIC
5 @litecoin $LTC
6 @Tether_to (#Polygon)
7 @worldcoin $WLD
8 #BinanceUSD $BUSD
9 @bitcoincashorg $BCH
10 @Tether_to (#Ethereum) pic.twitter.com/k3NPHLGVVv— Santiment (@santimentfeed) August 25, 2023
On August 25, Santiment, a cryptocurrency market analysis platform, disclosed the top ten assets ranked by address activity. Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Polygon (MATIC), and Litecoin (LTC) exhibit more than double the active address activity compared to other assets. Bitcoin, recognized as the largest cryptocurrency globally, leads with 963.64K active addresses.
Related Posts
An address is deemed active once it participates directly in a successful transaction, whether as a sender or a receiver. Consequently, active addresses are a reliable metric for assessing daily users on any specific blockchain.
Tether Exhibits High Address Activity Across Multiple Blockchains
As per the data, after Bitcoin, the stablecoin Tether ranks second, with 664.06K active addresses on the BNB Chain. Additionally, the prominent altcoin Ethereum holds the third position with 394.97K active addresses. MATIC and Litecoin follow closely, with 237.99K and 236.69K active addresses, respectively.
The newly launched Worldcoin (WLD) is also featured in the top 10, alongside Tether on the Polygon blockchain, Binance USD on BNB, Bitcoin Cash, and Tether again on the Ethereum blockchain. The data clearly indicates that stablecoin activity is on the rise, as Tether shows significant address activity across various blockchains.
Nevertheless, the cryptocurrency market continues to experience a downward trend, with Bitcoin trading around $26K. Following BTC, the leading altcoins are exhibiting a similar trend in the market. At the time of this report, Bitcoin is priced at $26,036, reflecting a decrease of over 1.65% in the past 24 hours. The daily trading volume of BTC has seen a decline of 21.84%, according to CoinMarketCap.
