Bitcoin (BTC) is currently the largest crypto by market value. And not only in terms of value, Bitcoin is a giant, compared to other networks, Bitcoin also excels when it comes to the number of unique wallet addresses. That appears from dates from blockchain analytics company Glassnode.
1 billion unique Bitcoin addresses
With a Bitcoin address, also called a wallet, users can store, receive and send BTC. Using data that can be found on the blockchain, it is possible to find out how many unique addresses there are. It turns out that there are currently no less than 1 billion unique Bitcoin addresses.
It must be said, however, that this does not necessarily mean that there are actually 1 billion users. In addition to the fact that there are many inactive addresses of people who, for example, private keys of course, a user can have many different addresses. Sometimes this is done for security reasons.
According to another indicator from Glassnode, the number of actually active wallets appears to be much lower. An active address is an address that has sent or received a transaction within a specified period of time. Last month, the level of wallets that made a daily transaction was around 1 million. The number of addresses that made a weekly transaction fluctuated around 4.4 million last month.
Unique BTC addresses still on the rise
The number of unique bitcoin addresses started to rise in 2013 but eventually saw a significant acceleration in 2017. Since then, the network has been able to sustain this steep rise, as seen in the chart below.
A study by Boston Consulting Group, Bitget and Foresight Ventures found that the number of BTC owners could reach 1 billion by 2030. This expectation is based on the adoption curve, which bitcoin is only at the beginning of.