According to Santiment, the total activity of wallet addresses on the Ethereum blockchain exceeded that of Bitcoin for the first time on Monday (June 28).

Following yesterday’s report on #Ether #FUD and the buying opportunity we saw today was a historic day – For the first time in #Crypto History, $ ETH Address activity is UP $ BTC Address activity as prices rose back above $ 2,100. https://t.co/577N726RLL https://t.co/BSleSWdGID pic.twitter.com/eG5GrpYNBp

– Santiment (@santimentfeed) June 28, 2021

“Today is a big day – for the first time in crypto history, the active wallet address of Ether surpassed the active wallet address of Bitcoin as the price climbed back above $ 2,100.”

The metric in question reflects the total number of active unique wallet addresses that have transacted over the course of 24 hours. According to Santiment’s chart, yesterday there were around 651,560 wallet addresses participating in various activities on the Ethereum blockchain, while Bitcoin only had 597,280 active wallet addresses.

While this only shows general activity, it’s hard to tell how many users have actually joined. For users or institutions, the number of wallet addresses is almost unlimited, so the numbers do not indicate superiority.

Some differences between data platforms

Meanwhile, data from other metric platforms contradicts the Santiment report somewhat. According to the Glass knot, the Ethereum network saw 683,021 active wallet addresses and Bitcoin 787,767 active wallet addresses yesterday (June 29).

The number of active wallet addresses, which Ethereum surpasses, is still inaccurate.

Recently, however, Ethereum has outperformed most other cryptocurrencies. Right now, Ether is trading at around $ 2,163, up about 2% from the day.

Ether price chart | Source: Tradingview

Meanwhile, Bitcoin is trading at $ 35,808, up 4% from the day. In terms of weekly earnings, Ether is up 14.8%, slightly above Bitcoin’s 13.3% earnings.

Bitcoin price chart | Source: Tradingview

How Bitcoin magazine reported, the price of both Bitcoin and Ether fell about 15% over the weekend. At the time, Bitcoin couldn’t cross the $ 35,000 mark while Ether was struggling to hit the $ 2,000 mark.

Teacher

According to Cryptoslate

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