Bitcoin Daily Active Addresses Emerge 140 Times Faster Than XRP Ones: CoinCorner CEO

The chief of UK-based exchange CoinCorner has shared data which shows that daily active wallets emerge on the Bitcoin network much faster than on any other one, including such popular blockchains as Litecoin, Ethereum and XRP.

Meanwhile, the average fee for sending Bitcoin has reached a one-year high surpassing $7.

Users prefer Bitcoin to other crypto

The head of CoinCorner, Danny Scott, has taken to Twitter to share some interesting data that Bitcoiners would certainly appreciate.

As per the graph he has published, new BTC daily active addresses emerge much faster than those on any of the most popular altcoins – ETH, LTC, BCH and XRP.

According to this data, BTC daily active users appear much faster – 140 times – than those of XRP.

Graph to help visualise #Bitcoin growth of daily active addresses.

Comparison to alts for perspective (Avg daily):

BTC - 700k

ETH - 250k
LTC - 50k
BCH - 25k
XRP - 5k pic.twitter.com/fdqs5n8Yd8

— Danny Scott (@CoinCornerDanny) May 20, 2020

Average BTC fee surges to $7.02

According to the recent tweet of the analytics company Glassnode, the mean BTC fee has now reached a one-year high and now it amounts to $7.02.

Recently, the seasoned trader and founder of Quantum Economics tweeted that an average fee for sending BTC constituted $5.82 but that should change in 91 blocks, when the Bitcoin difficulty gets adjusted.

? #Bitcoin $BTC Mean Fee Paid (1d MA) just reached a 1-year high of $7.02

Previous 1-year high of $6.96 was observed on 27 June 2019

View metric:https://t.co/whwJoY8AhP pic.twitter.com/E5QzX7M6UF

— glassnode alerts (@glassnodealerts) May 20, 2020

Related

Wed, 05/20/2020 - 12:00

Bitcoin Might Interest Ultra Wealthy Individuals Soon: Prominent Analyst ‘Plan B’

Yuri Molchan

Number of wallets holding 0.1+ BTC hits an ATH

Glassnode has also reported that the amount of Bitcoin addresses on which their owners hold over 0.1 BTC has surged to a new all-time high of 3,048,655.

Compared to the previous ATH two days ago, the new value exceeds the previous one by nearly 8,000 wallets.

? #Bitcoin $BTC Number of Addresses holding 0.1+ coins just reached an ATH of 3,048,655.000

Previous ATH of 3,040,989.000 was observed on 18 May 2020

View metric:https://t.co/hZY8dBLpzX pic.twitter.com/i2xyLLevd6

— glassnode alerts (@glassnodealerts) May 19, 2020