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

According to Mars Finance, on January 14th, despite the ETH price remaining in a sideways trading range, the number of new Ethereum wallets created last week hit an all-time high, with network adoption rebounding strongly. An average of 327,000 new Ethereum wallets were created daily over the past week, with a record high of over 393,000 new wallets on Sunday, the highest single-day record ever. The total number of non-empty Ethereum wallets (addresses holding at least some ETH) reached a record high of 172.9 million. The Fusaka upgrade, launching in early December 2025, optimizes on-chain data processing, significantly reducing the cost of submitting data from Layer 2 networks to the mainnet, making Ethereum cheaper and easier to use, especially when interacting with rollups and dApps. Simultaneously, Ethereum stablecoin activity has surged, with total stablecoin transfers exceeding a record $8 trillion in Q4 2025, indicating that Ethereum is being used for actual payments and settlements rather than pure speculation. Santiment noted, "This real financial activity often attracts new participants to create wallets for sending, receiving, or holding stablecoins and other tokens."