"Bitcoin Dominance Continuously Increasing Since 2022... Active User Share Decreasing"

Son Min

Summary

"Bitcoin (BTC) dominance has been steadily rising since 2022."
"Meanwhile, the market share of Bitcoin active users has been decreasing."
"This is because on-chain activity is moving to Ethereum (ETH) and other Layer 1 (L1) networks."

Bitcoin (BTC) dominance (market share) has been steadily rising since 2022.

On the 11th (local time), IntoTheBlock announced via X that "Bitcoin dominance has been steadily rising since 2022" and that "it is showing the longest uptrend in history." However, they added that "Bitcoin's active user market share is decreasing" due to "on-chain activity moving to Ethereum (ETH) and other Layer 1 (L1) networks."

BTC

ETH

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

"Bitcoin Dominance Continuously Increasing Since 2022... Active User Share Decreasing"

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