Ethereum network saw a record number of new wallets created, with 172.9 million non-empty addresses.

PANews reported on January 14th that, according to Cointelegraph, Santiment data shows that the number of new Ethereum network wallets created hit an all-time high last week. An average of approximately 327,000 new wallets were created daily over the past week, with a single-day record exceeding 393,000. The total number of non-empty Ethereum wallets also reached an all-time high of 172.9 million.

Analysts believe this surge is driven by multiple factors: the Fusaka upgrade implemented last December optimized on-chain data processing and reduced Layer 2 network backhaul costs, resulting in smoother interactions and lower fees; market sentiment shifted from negative to neutral/positive in mid-December, attracting more retail users; increased interest in DeFi and NFT applications at the end of the year, along with a surge in stablecoin payment and settlement activities on Ethereum, also created real financial demand. Furthermore, Nansen data shows that over half of the Ethereum supply is currently staked, with the ETH2 Beacon Deposit contract holding over 77 million ETH, and Binance and Coinbase holding approximately 4 million and 2.3 million ETH on behalf of users, respectively.