Ethereum Addresses Surge to Record High: Uncover the Cause

The latest on-chain metrics indicate that the Ethereum ecosystem is experiencing unprecedented growth, with a remarkable increase in user adoption and network activity.

Ethereum’s Rapid User Adoption

In recent findings shared by blockchain analytics firm Santiment, there has been a noticeable rise in Ethereum’s user base. This growth is measured by the influx of new addresses activating on the blockchain.

Ethereum Addresses Surge To Record High: Uncover The Cause

An address is considered “active” when it engages in transaction activities within the network. Consequently, those addresses represented in this metric are users making their inaugural transactions.

A spike in this metric signifies that a growing number of users are creating new addresses, highlighting an upward trend in adoption. Conversely, a decline may suggest stagnation, with fewer new addresses being initiated.

Recently, Santiment shared compelling data illustrating the upward trajectory of Ethereum’s user growth over the preceding year:

The data depiction shows a significant surge in the Ethereum user base lately. Over the last week, there has been a remarkable average of 327,100 new addresses created daily. A record peak of 393,600 new addresses was notably reached on Sunday alone.

This landmark figure sets a new record for daily address creation, underscoring a major interest in ETH. In line with this growth, the total count of holders—a metric measuring the number of non-empty blockchain addresses—has also reached a new all-time high of 172.97 million.

What factors are fueling this increased adoption? Several key elements have been identified by Santiment. Firstly, the implementation of the Fusaka upgrade, which was enacted in December, has significantly improved data handling and reduced layer-2 transaction fees.

Secondly, in late 2025, the Ethereum network witnessed record levels of stablecoin transactions, with the total transaction volume hitting $8 trillion in the fourth quarter. “This level of financial activity typically attracts new users who require wallets for various transactions,” Santiment noted.

Lastly, as the year turned, a surge of interest coupled with positive sentiment among traders likely encouraged many new retail traders to open fresh wallets.

Current Ethereum Pricing Trends

Ethereum’s price action has been quite positive recently, experiencing an uplift of over 5% in the last 24 hours, pushing its value up to the $3,340 mark.