Dogecoin Adoption: Holders Cross 8.1 Million, Ahead Of XRP & ADA

On-chain data shows Dogecoin holders have broken the 8.1 million milestone. Here’s how other cryptocurrencies like XRP and Cardano compare.

Dogecoin Holder Count Above Other Altcoins, But Still Below Bitcoin & Ethereum

In a new post on X, on-chain analytics firm Santiment has shared about how the various coins in the cryptocurrency sector currently compare in terms of the Total Amount of Holders.

The Total Amount of Holders is an indicator that measures, as its name suggests, the total number of wallets carrying some non-zero balance on a given network.

When the value of this metric rises, it means new investors are joining the blockchain and/or old ones who had sold earlier are investing back into the asset. Existing users creating new wallets to distribute their holdings also contribute to the trend.

In general, all of these factors can be assumed to be at play at once to some degree, so some net adoption of the asset can be considered to have occurred whenever the Total Amount of Holders goes up.

On the other hand, the indicator witnessing a decline implies some investors may have decided to exit from the cryptocurrency, so they are clearing out their wallets.

Now, here is the chart shared by Santiment that shows the trend in the Total Amount of Holders for some of the top assets in the sector:

As is visible in the above graph, the Total Amount of Holders has generally gone up in the cryptocurrency sector during the past year, indicating that new investors have been coming in.

Many coins have shown a steady growth rate, but the trend has fluctuated for others. Dogecoin saw some explosive growth earlier in 2025, but the memecoin’s adoption has since taken a slow approach.

Today, the Dogecoin network hosts around 8.1 million users. This is more than XRP (7.1 million), Cardano (4.5 million), USDC (4 million), and Chainlink (802,500). DOGE being above XRP in particular is interesting, as the latter’s market cap is more than four times the former’s, showcasing the reach that the memecoin has among retail traders.

Ethereum has continued to dominate the list with over 160 million holders, far ahead of Bitcoin with its 56.9 million count. USDT rounds out the top three with a metric value of 8.9 million.

Historically, adoption is something that has been constructive for any cryptocurrency network, as a wider userbase means a more solid foundation for future price moves to grow on. In this view, the uptrend in the Total Amount of Holders among Dogecoin and other assets can be a positive signal.

DOGE Price

While Dogecoin is continuing to attract retail users, its price has struggled recently, being down around 18% from its September high to $0.25.