Ethereum wallet creations reach record high after Fusaka upgrade, network activity boost

Published: 2026-01-15 05:24:44 |

Ethereum see record surge for new wallet creation and active addresses after the December Fusaka upgrade. Analytics firm Santiment report one-day peak near 393,600 new wallets and a seven-day average of about 327,100 new addresses per day, while ETH-holding addresses rise to around 173 million. Analysts dey attribute the growth to lower on-chain costs and improved user experience from the Fusaka upgrade, wey make Layer-2 data posting cheaper and encourage renewed activity for DeFi, NFTs and stablecoin transfers—especially USDC. DeFiLlama show over $76 billion worth of ETH locked for DeFi protocols, and custodians/exchanges like Binance and Coinbase together hold more than 6 million ETH for users. The reports note increased stablecoin settlement activity in late 2025 and quote ecosystem optimism (including comments from Vitalik Buterin) about progress on long-standing design challenges. For traders, higher wallet creation and stablecoin flows signal rising retail engagement, on-chain liquidity and potential for increased volatility in ETH and Ethereum-based tokens, though some new addresses fit be bots or inactive and price appreciation no be guaranteed.

Bullish

Di yawa for di increase wey dey for wallet creation and active ETH-holding addresses, plus lower on-chain costs after Fusaka upgrade, na bullish sign for ETH price action. When more retail people enter and stablecoin settlement dey rise, e normally dey raise on-chain demand and liquidity, make market depth better and allow bigger flows enter DeFi and exchange order books. Short-term, this fit increase volatility as new entrants and reactivated users go trade, mint NFTs, or move stablecoins — e go create momentum-driven price moves. For medium to long-term, sustained user growth and higher total value locked (DeFiLlama’s $76bn+ ETH figure) dey support stronger fundamental demand for ETH, especially if fee savings from the upgrade continue. But the bullish case get warnings: some new addresses fit be bots or inactive, exchanges hold large ETH reserves (6m+ ETH), and wallet growth no mean price go surely increase. Traders suppose dey watch on-chain metrics (net inflows to exchanges, stablecoin flows, active addresses) and liquidity changes to time entries and manage risk.