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

Santiment data shows that the number of new Ethereum wallets created hit a record 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 a record high of 172.9 million. Analysts believe this surge was 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 since mid-December, attracting more retail users; increased interest in DeFi and NFT applications at the end of the year, as well as a surge in stablecoin payment and settlement activities on Ethereum, also brought about real financial demand. Furthermore, Nansen data shows that more than 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.