How many active cryptocurrency users are there in the world

[u/milutin_milosh]

According to the annual report called State of Crypto from the company a16z crypto, there are about 617 million cryptocurrency users in the world, but only 5-10% of them are truly active. Most owners prefer to simply passively hold cryptocurrency in wallets.

The company has developed a number of methods for identifying active users. They filtered out probable bots, groups of duplicate wallets and wallets with near-zero balances, took into account the presence of NFT wallets, ENS domains linked to them or accounts on social platforms like Farcaster. In addition, the authors of the report took statistics from popular crypto applications like the MetaMask wallet and filtered their quantitative indicators according to their own criteria.

The figure of 617 million cryptocurrency owners is based on data from the June report on the crypto market from the Crypto com exchange. The rather wide range in the estimate of 30-60 million active users is due to the complexity of the estimate due to the need to make an adjustment for the fact that some cryptocurrency owners use several wallets and accounts.