Bitcoin, Ethereum, Tron, and Cardano Tell Four Very Different Stories Through Active Addresses

A sharp contrast has emerged in active addresses across Bitcoin, Ethereum, Tron, and Cardano, as the four blockchains continue to show different patterns when it comes to network usage.

Bitcoin’s count, for one, has dropped significantly compared with previous major cycles, even though its price remains far above historical levels. According to the latest observation by Alphractal founder Joao Wedson, this does not necessarily indicate weaker usage.

Very Different Usage Trends Bitcoin investors now tend to hold for longer and move coins less frequently, while ETFs, custodians, exchanges, and the Lightning Network are being used more often.

The growing role of ETFs is particularly notable, as US-based spot Bitcoin exchange-traded funds have recorded $3.31 billion in inflows so far in August.