Ethereum's new wallet creations reach an all-time high of 327,000 daily, can ETH prices be boosted?

January 14 News, although ETH prices remain in a range-bound oscillation, the user growth on the Ethereum network is accelerating significantly. The latest on-chain data platform Santiment disclosed that over the past week, the average daily new wallet count on Ethereum reached 327,000, hitting a new all-time high for new address creation in the network, indicating that actual on-chain usage demand is rapidly expanding.

In terms of daily performance, on January 11, the number of new wallets on Ethereum approached 394,000, setting a new record. This data is considered one of the important indicators of the network’s real adoption rate, reflecting continuous influx of new users and new applications into the Ethereum ecosystem.

Comprehensive analysis suggests that the surge in new wallets is closely related to the Fusaka upgrade activated in early December 2025. This upgrade optimized the underlying data processing structure and significantly reduced the costs for Layer 2 networks to submit data to the Ethereum mainnet. As transaction fees decrease, the threshold for users to interact with decentralized applications via Rollup is notably lowered, thereby driving a large number of new address creations.

Meanwhile, the growth of stablecoin settlement activity has also become a key driver of increased Ethereum usage. Data shows that in Q4 2025, the total stablecoin settlement volume on the Ethereum network approached $8 trillion, setting a new record. This trend indicates that Ethereum is gradually shifting from a transaction-oriented network to a high-frequency, reliable global settlement layer.

From other on-chain indicators, the number of daily transactions and active addresses remain relatively high, maintaining stable network activity. Even though ETH prices recently fluctuated mainly within the $3000 to $3300 range, on-chain adoption rates have not cooled down accordingly.

Additionally, long-term institutional participation continues steadily. Infrastructure investments and staking scales are expanding steadily, demonstrating that large capital remains confident in Ethereum’s medium- and long-term development. Some analysts believe that the continuous growth of new addresses during price sideways movement tends to reflect long-term user accumulation rather than short-term speculative behavior.

Overall, the current growth rate of Ethereum’s user base has already significantly outpaced the pace reflected by the price. As the market awaits clearer direction, the sustained increase in on-chain activity may be laying the groundwork for ETH’s future medium- and long-term price fluctuations.