According to crypto exchange Crypto.com, the number of cryptocurrency holders grew 6.4% in the half-year to June 2024 compared to December’s 580 million, to the current 617 million. At the same time, the number of people who wanted to invest in Ethereum grew by 9.7%—from 124 million by the end of 2023 to 136 million by June 2024. The number of Bitcoin holders swelled by 5.9%, from 296 million to 314 million.
The total number of such owners in the world is 617 million. And this number is growing. It’s difficult to define an exact timeline, the experts said. According to company analysts, this increased usage and adoption of Ethereum is against the background of a fall in gas (gway) prices, which became preeminent after the Dencun update in March 2024. As a result of the hard fork—the data from the coin creators’ website states that post-March Layer 2 [protocols] can cut transaction charges by up to 99 percent.
Such a rise in bitcoin adoption came from the key drivers of the fourth halving, the launching of the Runes protocol, and the approval of spot bitcoin-ETFs. The scene would change for the good after increasing attention from institutional investors, further managing to raise more than $14 billion in ETFs.
In the stride of the highest adoption of digital assets, the total crypto market capitalization tanked by 14% in the second quarter of the year and ended June at $2.27 trillion.