Ethereum’s (ETH) on-chain activity has surged to unprecedented levels, with network growth reaching the highest daily readings ever recorded.
Specifically, over the past week, Ethereum has averaged roughly 327,000 new wallets created per day. This momentum culminated on Sunday, when approximately 393,600 new ETH wallets were added, marking the highest single-day increase in the network’s history, according to data shared by on-chain analysis platform Santiment on January 14.
Indeed, the network has seen a steady upward trend in total non-empty wallets, which have climbed to about 172.9 million.
Ethereum network activity. Source: Santiment
Several structural factors are driving the surge in activity. In early December 2025, Ethereum rolled out the Fusaka upgrade, improving data handling and sharply reducing the cost for Layer-2 networks to post data to the main chain. Lower fees and smoother interactions have made decentralized applications and everyday transactions mo
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