Ethereum is seeing an increase in activity from new users, even though ETH’s price action remains largely range-bound.
Summary
- Ethereum generates an average of about 327,000 new wallets per day, with a single-day peak of almost 394,000, the highest ever recorded.
- Lower fees after the Fusaka upgrade and record stablecoin usage have encouraged user onboarding.
- Wallet growth is growing even as ETH trades sideways, indicating adoption driven by real usage rather than speculation.
According to a January 13 post from on-chain analytics platform Santiment, Ethereum has created an average of 327,000 new wallets per day over the past week, marking the highest number of addresses in the network’s history.
On January 11, nearly 394,000 new wallets were created in one day, breaking the previous record.
Network upgrades and stablecoins ensure real usage
One reason for the rise of new wallets is Ethereum’s (ETH) Fusaka update, which was released in early December 2025. The update improved data processing at the base layer and reduced the cost for layer 2 networks to post data to Ethereum.
This made transactions cheaper and reduced friction for users interacting with apps through rollups, supporting greater onboarding activity.
📈 BREAKING: Ethereum's new wallet growth has reached new all-time high levels. Over the past week, crypto's #2 market cap has seen an average of 327.1K new $ETH wallets created per day, including a 393.6K day Sunday (the highest ever).
📊 There can be several reasons attributed… pic.twitter.com/zD1YcOV3wO
— Santiment (@santimentfeed) January 13, 2026
Another important factor is stablecoin activity. In the last quarter of 2025, nearly $8 trillion worth of stablecoin transfers were settled via Ethereum, a record. This level of usage shows that Ethereum is becoming a reliable settlement layer, rather than just a trading platform.
This view is supported by other network statistics. Daily transactions and active addresses are still close to their most recent peak levels, which is a sign of stable activity.
Adoption is growing, even if the price remains within range
ETH hasn’t really trended in recent weeks, largely staying in the $3,000 to $3,300 range. Santiments facts shows new addresses being created as the market consolidates, a pattern often linked to longer-term adoption rather than rapid speculative moves.
Moreover, institutional players remain involved, mainly through continued investments in network infrastructure and strike activities. For example, Bitmine has staked nearly $4 billion worth of ETH, demonstrating continued long-term commitment from major players.
Together, these trends suggest that Ethereum’s user base is growing faster than price movements suggest. While the market waits for clearer direction, activity on the network continues to quietly increase. Analysts consider this one of the clearest signs that ETH could be preparing for significant price moves in the medium to long term.
