On Sunday, January 11, 2026, the Ethereum network saw an unprecedented 393,600 new wallets created in a 24-hour period, setting a new all-time high for daily user growth.
This historic spike in network adoption came even as Ethereum’s native ETH token is trading below its 2025 peak, suggesting a powerful wave of new users is being driven by utility and upgrades rather than speculative price action alone.
A Network Activity Explosion
According to data from Santiment, Ethereum averaged more than 327,000 new addresses daily across the past week, culminating in Sunday’s record. The analytics firm linked the rise to a mix of technical upgrades, practical usage, and shifting market mood.
According to them, one major factor is the Fusaka upgrade, deployed in early December 2025. The update changed how data is processed on Ethereum and lowered the cost for Layer-2 networks to post data back to the main chain. Lower fees and smoother interactions made it easier for users to engage with dece
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