Ethereum is seeing a surge in new user activity, even though ETH price movement remains largely range-bound.
summary
- Ethereum is generating an average of about 327,000 new wallets per day, with a daily peak of nearly 394,000, an all-time high.
- Lower fees and stablecoin usage records after the Fusaka upgrade facilitated user onboarding.
- Wallet growth has increased despite ETH trading sideways, indicating that adoption is being driven by actual usage rather than speculation.
According to a Jan. 13 post by on-chain analytics platform Santiment, Ethereum has recorded an average of 327,000 new wallet creations per day over the past week, the highest address creation rate in the network's history.
On January 11th, nearly 394,000 new wallets were created in one day, breaking the previous record.
Network upgrades and stablecoins drive real-world usage
One of the reasons for the increase in new wallets is the Ethereum (ETH) Fusaka update released in early December 2025. This update improves base layer data processing and reduces the cost for layer 2 networks to post data to Ethereum.
This made transactions cheaper, eased the burden on users interacting with the app through rollups, and supported increased 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, approximately $8 trillion worth of stablecoin transfers were settled on Ethereum, setting a record. This level of usage shows that Ethereum is becoming more than just a trading platform, but a trusted payment layer.
This view is supported by other network metrics. Daily transactions and active addresses remain near recent peak levels, a sign that activity is stabilizing.
Adoption grows even as prices remain within range
ETH has not seen any major trends in recent weeks, mainly staying in the $3,000 to $3,300 range. Santimento's data shows that new addresses are being created as markets consolidate, a pattern that is often tied to long-term adoption rather than quick speculative moves.
Additionally, institutional investors continue to be involved, primarily through ongoing network infrastructure investments and staking activities. For example, Bitmine has approximately $4 billion worth of ETH staked, demonstrating continued long-term commitment by a large company.
Taken 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 rise. Analysts see this as one of the clearest signs that ETH may be poised for large price swings in the medium to long term.
