Ethereum Wallet Creation Reaches Record High of 327K Per Day — Will ETH Prices Follow Suit?

Ethereum is experiencing a noticeable increase in user activity, even while ETH prices remain relatively stable.

Key Takeaways

Ethereum has averaged 327,000 new wallets created daily over the past week, a record for the network.
A single day on January 11 saw nearly 394,000 new wallets created.
The Ethereum Fusaka update has improved transactions and reduced costs for users.
Stablecoin activity on Ethereum surpassed $8 trillion in the last quarter of 2025.
ETH prices have remained in a stable range of $3,000 to $3,300, but user engagement continues to grow.
Analysts are optimistic about potential future price increases based on user adoption trends.

Ethereum wallet growth hits record as adoption rises despite flat price

Recent data shows that Ethereum has hit an all-time high in new wallet creation, averaging 327,000 new wallets per day. This surge is attributed to network upgrades and the activities surrounding stablecoins, demonstrating Ethereum's growing adoption. Despite ETH's price stagnation, analysts believe that this rising user engagement could indicate upcoming significant price movements.

Ethereum's Surge in Wallet Creation

According to Santiment, an on-chain analytics platform, the recent surge in Ethereum's new wallet creation has set a remarkable record. Over the past week, Ethereum has averaged 327,000 new wallets created each day, culminating in nearly 394,000 new wallets on January 11 alone, thus surpassing the previous record.

Ethereum

Factors Contributing to Ethereum's Growth

One major factor for this increase in new wallets is the Ethereum Fusaka update, which was released in early December 2025. This update enhanced base-layer data handling and lowered costs for layer-2 networks using Ethereum. As a result, transactions became cheaper and smoother, facilitating smoother user interactions with decentralized applications (dApps), which ultimately drove onboarding activities.

Furthermore, stablecoin transactions have surged significantly, with nearly $8 trillion worth of transfers settled on the Ethereum network during the last quarter of 2025. This uptick indicates that Ethereum is evolving into a dependable settlement layer beyond just a trading platform.

Additional supporting metrics reveal that daily transactions and active addresses remain near their highest levels, indicating sustained user activity.

Continued Adoption Despite Price Stability

Currently, ETH prices have remained in a stable range between $3,000 and $3,300 for several weeks. Data from Santiment illustrates that new addresses continue to be created during this period of market consolidation, which is often associated with long-term user adoption rather than speculative trading behavior.

Institutional involvement is also noteworthy, with major players continuously investing in network infrastructure and staking activities. For instance, Bitmine has staked nearly $4 billion in ETH, highlighting the ongoing commitment from larger stakeholders.

All these trends suggest that while Ethereum's price movements may seem stagnant, the user base is growing at a faster pace. As the market awaits clearer indications of direction, network activity continues to quietly build. Analysts view this as a strong indicator that ETH might be gearing up for significant price adjustments in the medium to long term.