Record Growth of New Wallets

On Sunday, January 11, 2026, the Ethereum network recorded an unprecedented surge in new users. Within 24 hours, 394,000 new wallets were created, marking a historic record for daily growth.

Despite ETH trading below its 2025 peak, this spike demonstrates the platform’s strong demand driven by network improvements and practical usage rather than purely speculative price movements.

Impact of the Fusaka Upgrade

According to Santiment, an average of over 327,000 new addresses were created daily over the past week, peaking on Sunday. Analysts attribute the growth to the Fusaka upgrade, launched in December 2025.

The upgrade simplified data processing and reduced the cost of sending information back to the main chain for layer-2 networks, making it easier for users to interact with decentralized applications, rollups, and other services.

The Role of Stablecoins

Stablecoins played a key role. In Q4 2025, Ethereum processed stablecoin transfers totaling around $8 trillion, setting a record high in the platform’s history.

This highlights Ethereum’s role in payments and settlements, driving new wallet creation for storing or moving dollar-pegged tokens.

Market Dynamics and Holder Sentiment

Social media data indicate a steady influx of new participants since December 2025, with ETH holder sentiment shifting from negative to neutral or slightly positive.

At the time of publication, ETH was trading around $3,300, up 6% over the past 24 hours and 2% over the week, lagging behind the overall cryptocurrency market growth.

Technical Levels and Derivatives

Analysts point to technical levels that may affect price movement at $3,450 and $3,700. Derivatives data show open interest rising to $8.6 billion on Binance, the highest level since October 2025.

Conclusion and Outlook

Overall, the record number of new wallets, increased network activity, and attention to ETH/BTC indicate stronger user engagement with Ethereum’s ecosystem, laying the groundwork for further network growth even before a clear price breakout.

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