How many people own Ethereum? ETH Ownership Stats
Ethereum, the second-largest cryptocurrency by market cap, has captured the hearts of investors, devs, and tech enthusiasts. Born from Vitalik Buterin’s idea in 2013, Ethereum has grown into a blockchain behemoth, enabling not just financial transactions but smart contracts and dapps. But as it’s getting more popular, the question is: How many people own Ethereum?
We’ll examine the numbers, uncover some interesting stats, and paint a picture of who holds this digital asset. From tech-savvy early adopters to institutional investors, the Ethereum ownership landscape is as diverse as it changes. Join us as we break down the stats and explore the world of Ethereum adoption.
How many people own Ethereum?
Ethereum addresses: 273.28 million (June 19, 2024)
Ethereum addresses have grown 16.01% from last year. But that doesn’t mean 16.01% of those are individual owners.
Estimated Ethereum owners: 27 to 82 million
It’s hard to know the exact number of unique Ethereum owners but experts estimate it to be between 10% to 30% of total addresses. That puts the range of Ethereum owners between 27 million to 82 million.
Ethereum network growth rate: 116.5%
This growth rate is impressive, considering we can’t accurately measure individual ownership due to multiple addresses per user and smart contract addresses.
ETH Ownership Statistics
54% of crypto holders owned ETH at the end of 2023
Ethereum has cemented its position as the second-largest cryptocurrency by market cap. As of July 31, 2024, Ethereum’s market cap is around $399 billion.
Daily ETH transactions: $1.167 million.
The Ethereum network is still very active. ETH’s 24-hour transaction volume is around $13.74 billion.
ETH in circulation: 119.5 million
This is a significant number for the crypto market.
Ethereum owners grew 39% to 124 million in 2023
This is a significant increase in ownership and interest in Ethereum. The launch of Ethereum spot ETFs in 2024 has made ETH more accessible despite initial mixed reactions from the community.
ETH is up 77% YTD, trading at $3310
Ethereum’s 2024 performance can be attributed partly to a May US court ruling contradicting regulators’ classification of ETH as a security. This ruling gave investors more confidence, and ETH broke past $3,000.
Global Ethereum Adoption
Ethereum is the second most popular crypto globally
Ethereum’s popularity varies by country, often ranking as the second most owned crypto after Bitcoin.
Singapore leads in ETH ownership at 43.5%
Among crypto holders in Singapore, Ethereum is the most popular asset, more than Bitcoin.
Australia has high ETH adoption at 42.9%
Ethereum has grown big in Australia; almost half of crypto holders own ETH.
The UK and the US have above-average ETH ownership
- United Kingdom: 32.9% of crypto holders own ETH
- United States: 31.1% of crypto holders own ETH
- Both are above the global average of 24.4%.
European countries have varying adoption.
- Germany: 30% of crypto holders own ETH
- France: 14% of crypto holders own ETH
While Germany has high Ethereum adoption, France is behind but still has a significant presence.
Global average ETH ownership: 24.4%
This is the benchmark figure for seeing how Ethereum adoption varies by region and economy.
ETH Ownership Distribution
The top 1% of addresses hold 94.95% of all ETH
This is the concentration of Ethereum wealth among a few addresses.
Smallholders (< 1 ETH): 98.75% of addresses
Most Ethereum addresses have small amounts but own a tiny fraction of the total supply.
Whales (> 10,000 ETH) 0.01% of addresses
Despite their small number, these big holders, often called “whales,” greatly impact the Ethereum market.
Beacon Deposit Contract holds 39.39% of ETH.
The Ethereum 2.0 staking contract is the largest holder of ETH, showing strong community support for the network upgrade.
Exchanges dominate large ETH holdings
Top exchanges hold over 13 million ETH.
Binance, Huobi Global, and OKEx combined hold a large chunk of the circulating ETH supply, which shows the centralization risks of exchange-held assets.
Binance holds 7.2 million ETH.
Binance, the largest cryptocurrency exchange, has 7.2 million ETH. Other big exchanges, like Huobi Global and OKEx, each have over 2.9 million ETH. These exchanges are big holders in the Ethereum ecosystem.
Ethereum Foundation holds 2.9 million ETH.
The Ethereum Foundation is also one of the top holders, with 2.9 million ETH. This big holding allows the Foundation to fund the development and improvements of the Ethereum network.
Huobi Global holds 3.3 million ETH.
Huobi Global has a large Ethereum reserve as one of the big exchanges, which is important for market liquidity.
OKEx holds 2.9 million ETH.
Another big exchange, OKEx, has a lot of ETH, so exchanges are important in the ETH ecosystem.
Conclusion
Ethereum is a big player in the crypto world, with millions of owners worldwide and growing fast. ETH distribution is highly concentrated; the top 1% of addresses hold most tokens, and big exchanges hold millions of ETH.
The strong support for Ethereum 2.0 shows the community’s commitment to the network. Global adoption is far from uniform, so there’s room to grow. As Ethereum evolves, success will depend on regulation and technology.
The various ETH holders (individuals to institutions) contribute to the network’s decentralization but also bring challenges and opportunities. As Ethereum grows, these ownership dynamics will be key to its future in DeFi and beyond.
