On-chain data shows that Dogecoin holders have breached the 8.1 million milestone. Here’s how XRP and other cryptocurrencies like Cardano compare.
Dogecoin holder count is above other altcoins, but still below Bitcoin and Ethereum
In a new post on X, on-chain analytics firm Santiment has shared how the different coins currently in the cryptocurrency space compare in terms of total number of holders.
Total amount of holders is an indicator that measures, as its name suggests, the total number of wallets holding some non-zero balance on a given network.
When the value of this metric increases, it means that new investors are joining the blockchain and/or old investors who previously sold are investing back into the asset. Existing users creating new wallets to distribute their holdings contribute to this trend.
In general, all of these factors can be considered to be operating simultaneously to some extent, so whenever the total amount of holdings increases some net adoption of the asset can be assumed.
On the other hand, seeing a decline in the indicator suggests that some investors have decided to exit cryptocurrencies, so they are cleaning out their wallets.
Now, here is the chart shared by Santiment that shows the trend in the total amount of holders for some of the top assets in the sector:
The value of the metric seems to have been climbing for most of these assets | Source: Santiment on X
As seen in the graph above, the total number of holders in the cryptocurrency sector has generally increased over the past year, indicating that new investors are arriving.
Many coins have shown steady growth rates, but for others the trend has fluctuated. Dogecoin saw some explosive growth in early 2025, but memecoin adoption has been slow since then.
Today, the Dogecoin network hosts approximately 8.1 million users. This is more than XRP (7.1 million), Cardano (4.5 million), USDC (4 million) and Chainlink (802,500). DOGE’s rise above XRP is particularly interesting, as the market cap of the latter is more than four times that of the former, reflecting the memecoin’s reach among retail traders.
Ethereum continues to dominate the list with over 160 million holders, far ahead of Bitcoin with 56.9 million. USDT rounds out the top three with a metric value of $8.9 million.
Historically, adoption is something that has been constructive for any cryptocurrency network, as a broader user base means a more solid foundation for future price increases. From this point of view, an increase in the total number of holders between Dogecoin and other assets could be a positive sign.
DOGE price
While Dogecoin continues to attract retail users, its price has struggled recently, falling nearly 18% from its September high to $0.25.
Looks like the price of the coin has erased some of its recent recovery | Source: DOGEUSDT on TradingView
Dall-E, featured image from Santiment.net, chart from tradingview.com
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