Ethereum has achieved a significant milestone, as new wallet creation skyrocketed to unprecedented levels. According to data from Santiment, the network saw over 393,000 new addresses created in a single day, marking a record-breaking week for the blockchain.
Throughout the past week, the average number of new wallets being generated hovered around 327,000 daily. The overall tally of Ethereum wallets holding a balance has now reached an impressive 172.9 million, reflecting growing user interest and participation in the ecosystem.
This surge in wallet creation can be largely attributed to the recent Fusaka upgrade, which was implemented in December. This update streamlined data processing on the Ethereum blockchain, significantly lowering the costs associated with transferring information from Layer 2 networks back to the main Ethereum network. As a result, the overall user experience has become “cheaper and easier,” driving many new users to set up wallets and explore the platform.
Furthermore, sentiment among Ethereum holders has shifted from a predominantly negative outlook to a more neutral or even positive stance. Such changes in sentiment typically lead to increased sign-ups from everyday users eager to navigate the network”s offerings.
Interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and various blockchain applications has also seen a notable uptick, particularly as the end of the year approached. Additionally, a rise in stablecoin transfers during late 2025 indicates that Ethereum is being utilized for both payments and settlements, further solidifying its position in the market.
Vitalik Buterin, co-founder of Ethereum, recently commented on the network”s progress, stating that it is on the verge of addressing one of the most significant challenges in blockchain design. This assertion underscores the transformative potential of Ethereum as it continues to evolve and adapt to the needs of its users.
