Even in a Bear Market the total address count of BTC, ETH and LTC has been sky-rocketing. Bitcoin is at now over 1.1 billion addresses and LTC at nearly 1.2 billion!

It is once again the time to look at how bad the bear market was price-wise but how it actually has been a complete bull market for nearly all on-chain metrics from addresses to self-custody. For even more such metrics you can check up some of my previous posts. If there has been a bull market for fundamentals, we should just look on the simplest of all: Total Addresses.

While one address does not necessarily depict one user on the blockchain as one person can can have any many crypto addresses as wanted, it can still be seen as a good aggregate for increasing users or even just increase in blockchain usage.

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Chart from glassnode and analyst James V.Straten

This chart shows just how the amount of Total Addresses for BTC, ETH and even LTC has been taking off and that even in a bear market where all BTC, ETH and LTC broke the milestone of 1 billion addresses each which is just huge. Surprisingly, LTC is at the top with nearly 1.2B followed by ETH and BTC.

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Chart from glassnode and analyst James V.Straten

Here we can also see the growth of those addresses per Crypto and LTC is leading that by a far margin while it once actually was below both on growth during the start of the bull run.

This all just happens to show once again how irrelevant even this bear market was for the actual utility of Crypto which just kept increasing even during the peaks of the bear market. That adoption and development will be the foundations of the next bull run.