Bitcoin's market share rises despite decline in active users
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The data shows that Bitcoin's dominance has been rising steadily since 2022. It also highlights that Bitcoin's market share of active users has fallen over time. The data shows that on-chain activity in Ethereum and other layer 1 (L1) networks has increased.
OnChain data shows that Bitcoin's dominance has increased since 2022, and the upward trend is the longest in history. The data also shows that Bitcoin's active user market share has fallen as on-chain activity on the Ethereum network has increased.
Amid declining users, Bitcoin dominance has increased;
Matrixport shows that Bitcoin dominance has increased to a new high of over 61%. The analytics platform put the dominance higher, which was stronger than expected in the US jobs report. It said that the increased job rate indicates that the economy is recovering. BTCUSDBTCUSDBTCUSDT.PBTCUSDT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.