Looking at holder distribution across major blockchain networks reveals some interesting patterns in user adoption. Ethereum leads with 276.9M holders, while Solana follows closely at 153.7M—both showing massive on-chain activity. The gap between layer-1 adoption is quite telling here.

On the altcoin side, we see XRP maintaining 7.6M holders despite ongoing regulatory scrutiny, and SUI reaching 77.1M holders as its ecosystem continues expanding. TAO holders stand at 443K, reflecting its more niche positioning in the AI/ML infrastructure space.

Some smaller cap projects show tighter holder bases: MON at 74K, ZEC at 541K, and CPOOL with just 22K holders. Meanwhile, mid-tier players like ICP (1.6M holders), INJ (1.6M), and AERO (717K) demonstrate varying levels of community spread.

LINK's 834K holders are notable given its role as oracle infrastructure—critical but not requiring massive decentralization of holders. Similar story with RENDER at 311K and FET at 210K in specialized use-case territories.

These numbers suggest a clear bifurcation: mega-cap networks concentrate adoption across tens of millions of wallets, while specialized layer-1s and infrastructure tokens maintain more focused, dedicated holder bases. Worth tracking as market conditions shift.