Ethereum is knocking on the door of 200 million non-empty wallets, a milestone that would have sounded absurd just a few years ago. The network currently sits at approximately 195 million wallets holding some amount of ETH, dwarfing Bitcoin’s roughly 59 million by a margin of about 230%.
That’s not a typo. The world’s second-largest crypto network now has more than three times the holder base of the asset most people still think of as synonymous with crypto itself.
The numbers, and what’s driving them
Data from Santiment Analytics shows Ethereum’s wallet count surged from around 182 million in late May to approximately 195 million in early June 2026. That’s roughly 13 million new non-empty wallets in the span of a couple weeks. Bitcoin’s wallet count has seen only minor fluctuations during the same period, hovering near the 59 million mark.
This divergence isn’t really about which coin is “better.” It’s about what each network is actually used for. Bitcoin’s primary narrative remains store of value, digital gold, the thing you buy and hold in cold storage. Ethereum is a platform. People don’t just hold ETH. They use it to interact with DeFi protocols, stake for yield, move stablecoins, mint NFTs, and engage with thousands of decentralized applications.
