$ETH Ethereum Wallet Creation Surges to Record Levels — Is ETH Price Next?
Ethereum is experiencing an extraordinary increase in user adoption, while its price stays confined within the $3,000 to $3,300 range. As reported by the on-chain analytics platform Santiment, the network currently sees an average of 327,000 new wallets each day, with a record of almost 394,000 wallets in a single day on January 11—thest ever for Ethereum.
Reasons Behind the Surge in Wallet Growth
This growth is being driven by two main factors: upgrades to the network and activities involving stablecoins.
Fusaka Upgrade: Released in December 2025, this update enhanced Ethereum’s foundational data processing and lowered transaction fees for layer-2 networks. This facilitated a smoother onboarding process, particularly for decentralized app (dApp) users, leading to an increase in wallet creation.
Stablecoin Utilization: In the fourth quarter of 2025, Ethereum experienced $8 trillion in stablecoin transactions. Elevated stablecoin activity indicates that Ethereum is becoming more recognized as a dependable settlement layer, rather than merely a trading venue.
Adoption Surpasses Price Changes
Even with stable price movements, network engagement remains robust. Daily transactions and active addresses stay close to record highs, signifying ongoing real-world utilization. Institutional investors remain optimistic, as firms such as BitMine have staked nearly $4 billion in ETH, underscoring Ethereum’s long-term viability.
Analysts view this increase in wallet creation as a key signal for upcoming price trends. As the market stabilizes, Ethereum's increasing user base indicates that significant price movement could be imminent.
Ethereum is not merely retaining value; it is creating a vibrant ecosystem that has the potential to transform digital finance.
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