The number of new Ethereum wallets created has reached a record high, with the number of non-empty addresses reaching 172.9 million.

On January 14, despite ETH prices remaining in a sideways consolidation phase, the creation of new Ethereum wallets hit a record high last week, and network adoption rebounded strongly. An average of 327,000 new Ethereum wallets were created daily over the past week, with a record-breaking 393,000+ new wallets on Sunday, the highest single-day total in history. The total number of non-zero Ethereum wallets (addresses holding at least some ETH) reached a historic high of 172.9 million. The Fusaka upgrade launched in early December 2025 optimized on-chain data processing, significantly reducing the costs for Layer 2 networks to submit data to the mainnet, making Ethereum cheaper and easier to use, especially when interacting with rollups and dApps. Meanwhile, activity in Ethereum stablecoins surged, with Q4 2025 seeing a record-breaking transfer volume of over trillion USD in stablecoins. Ethereum is being used more for payments and settlements rather than pure speculation. Santiment pointed out: “This real financial activity often attracts new participants to create wallets for sending, receiving, or holding stablecoins and other tokens.”