#ETH

𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙍𝙚𝙘𝙤𝙧𝙙𝙨 𝙈𝙖𝙨𝙨𝙞𝙫𝙚 𝙂𝙧𝙤𝙬𝙩𝙝 𝘼𝙨 𝙉𝙚𝙬 𝙀𝙏𝙃 𝘼𝙙𝙙𝙧𝙚𝙨𝙨𝙚𝙨 𝙎𝙠𝙮𝙧𝙤𝙘𝙠𝙚𝙩 𝙎𝙞𝙣𝙘𝙚 𝙈𝙖𝙮

Ethereum’s network is showing a sharp rise in new wallet activity, based on fresh data from Santiment. The number of new Ethereum addresses created each week is now between 800,000 and 1 million. That’s a significant jump from last summer when the network added only 560,000 to 670,000 wallets per week.

Ethereum Wallet Creation Surges 33% Year-Over-Year

The pace of new wallet creation has picked up sharply since mid-May. At the same time, Ethereum is trading near $2,500. This price level has remained stable over the past week.

Santiment notes that this growth in wallets highlights Ethereum’s improving network utility. The network is gaining more users, even during times of sideways price action. New wallets often reflect more interest from both traders and developers.

This wallet growth is not just a small increase. Compared to the same time last year, the current weekly rate is up by around one-third. The recent trend suggests growing confidence in Ethereum’s long-term role in the crypto space. Activity like this often builds during quiet periods, ahead of larger market shifts.

Santiment’s chart also shows a gradual upward trend in wallet creation over several months. There were weekly drops along the way, but the broader trend remains clearly positive. The latest weekly data shows nearly 896,000 new ETH addresses, just below the 1 million mark.