- Bitcoin (BTC) leads the table with 963.64K active addresses.
- The newly launched Worldcoin (WLD) was also included in the top 10 positions.
The crypto market has experienced a massive downtrend over the past few weeks. The top cryptocurrencies in the crypto market have shown strong bearish momentum. On the other hand, according to the Santiment data, several cryptocurrencies have witnessed the highest level 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, the crypto market analyzer, reported the top ten assets by highest address activity. Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Polygon (MATIC), and Litecoin (LTC) have more than double the active actress activity of any other assets. Bitcoin, the world’s largest cryptocurrency, leads the table with 963.64K active addresses.
An address is considered active as soon as it becomes a direct participant in a successful transaction, either as a sender or receiver. As a result, active addresses serve as a good indicator of daily users on any particular blockchain.
Tether Shows High Address Activity in Several Blockchains
According to the data, following Bitcoin, the stablecoin Tether takes the second position, with 664.06K active addresses on the BNB Chain. And also, the leading altcoin, Ethereum, secures third place with 394.97K active addresses. Followed by MATIC and Litecoin, which secured the next position with 237.99K and 236.69K, respectively.
The newly launched Worldcoin (WLD) was also included in the top 10 positions, along with Tether on the Polygon blockchain, Binance USD on BNB, Bitcoin Cash, and again Tether on the Ethereum blockchain. The data clearly shows that stablecoin activity experiences a surge as Tether has high address activity in several blockchains.
However, the crypto market is still experiencing a downtrend as Bitcoin trades around $26K. Following BTC, the top altcoins are showing a similar pattern in the crypto market. At the time of writing, Bitcoin is trading at $26,036, with a decline of over 1.65% in the last 24 hours. The daily trading volume of BTC has experienced a decline of 21.84%, according to CoinMarketCap.
