Ethereum's Active and Unique Addresses Overtake Bitcoin

Ethereum - the second-largest cryptocurrency by market cap - now claims more unique and active addresses than Bitcoin.

Effectively doubling in size since December 2017, the Ethereum network now hosts 35 million unique addresses - 100,000 new registrations being logged each day.

According to its last-known position in March 2018, Bitcoin stands at 24 million.

Where these figures may impose, Ethereum's growth stands in the shadow of its former self - the network welcoming more than 300,000 new addresses on several days during ETH's January all-time high.

Ethereum's overtake may deal a sentimental blow to Bitcoin, yet it must be noted that these figures only represent the on-chain transactions.

35 million unique addresses may not equate to 35 million active users - users of Ethereum may create and use multiple addresses for transacting or executing smart contracts.

Instead, active unique addresses and transactions per day may paint a more accurate picture of a blockchain's true total number of users - denoting the number of wallets actually sending or receiving assets in any given day.

Using these yardsticks, Ethereum still takes the lead with 513,000 addresses to Bitcoin's 443,000 actively in use - and 832,000 transactions to 209,000.

These metrics may be fuel for proponents of 'the Flippening' - a cult-like internet community who believe Ethereum will dethrone Bitcoin as premier cryptocurrency by market capitalization.

"Ethereum could overtake Bitcoin by the end of the year and bitcoin cash could do the same before 2020.".