Ethereum is seeing a strong wave of new users, even though the price of ETH hasn’t moved much lately.
Right now, Ethereum is adding about 327,000 new wallets every single day. That’s the highest pace the network has ever seen. On January 11 alone, nearly 394,000 new wallets were created, setting a new all-time record.
What makes this interesting is that ETH’s price has mostly been moving sideways. It’s been stuck in a range, not pumping or crashing. Yet people are still joining the network in large numbers. That suggests this growth isn’t driven by hype or quick trading—it’s coming from real use.
One big reason for this increase is the Fusaka upgrade, which rolled out in early December 2025. This update made transactions cheaper and improved how data is handled on the network. It also lowered costs for layer-2 networks, making apps easier and cheaper to use. For everyday users, that means less friction and fewer fees.
Another major driver is stablecoins. During the last quarter of 2025, almost $8 trillion in stablecoin transfers were processed on Ethereum. That’s a record. It shows Ethereum is being used more and more as a trusted settlement network, not just a place to trade tokens.
Other signs back this up. Daily transactions and active addresses are still near recent highs, showing steady and healthy activity across the network.
Even while ETH trades between roughly $3,000 and $3,300, new wallets keep coming in. This kind of pattern usually points to long-term adoption, not short-term speculation.
Big players are also staying involved. Institutions continue to invest in infrastructure and staking. For example, Bitmine has staked close to $4 billion worth of ETH, showing strong confidence in Ethereum’s future.
Overall, Ethereum’s user base is growing quietly but quickly. While the price waits for a clear direction, real activity on the network keeps building. Many analysts see this kind of growth as a strong sign that Ethereum could be setting up for bigger moves over the mid to long term.
