The rate of new wallet creation has increased significantly since mid-May. At the same time, Ethereum is trading near $2,500. This price level has remained stable over the past week.
Santiment points out that this growth in the number of wallets highlights the improvement in the utility of the Ethereum network. The network is gaining more users, even during times of sideways price fluctuations. New wallets often reflect greater interest from both traders and developers.
This wallet growth is not just a small increase. Compared to the same period last year, the current weekly rate has increased by approximately one third. This recent trend suggests growing confidence in Ethereum's long-term role in the cryptocurrency world. This type of activity often arises during calm periods, before major market fluctuations.
A greater number of wallets may mean that more participants are joining the ecosystem. These can be individual investors, institutions, or developers testing applications. In any case, this reflects an active and growing network. Ethereum remains the largest smart contract platform in terms of usage, and this position remains strong in 2025.
One reason for this increase could be the upcoming developments in the Ethereum ecosystem. Layer 2 networks and staking protocols continue to attract attention. Additionally, the growing interest in decentralized applications could be driving more users to interact directly with Ethereum.
Investors tend to view the increase in network activity as a positive sign. It may not generate instant profits in price, but it does contribute to long-term strength.
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