Adoption of Ethereum will grow as a new wallet
A combination of protocol-level improvements, stable coin activity and a shift in crypto sentiment has helped Ether wallet creation reach an all-time high.
An average of 327,000 new wallets were created per day last week, with Sunday recording a single-day high of more than 393,000, sentiment analysts told XPost on Tuesday.
New wallets indicate that fresh users, developers or institutions are entering the ecosystem.
The data shows that the number of non-empty Ether wallets is now at 172.9 million, which is the highest ever.
Ether (ETH) is currently at $3,330, up 7.5% in the last 24 hours after hovering between $3,068 and $3,292 last week, according to CoinGecko.
Sentiment analysts suggest that the increase in new wallets is partly due to Fusaka's reform in December, which made data management “cheaper and easier using Ethereum” and cut the cost of posting data from L2 networks to Ethereum.
“This reduced fees and made it easier to interact with apps and rolls, which encouraged many new users to open a wallet and start using the network,” he said.
Crypto sentiment change and stable coin
Along with the major protocol update, Ethereum is likely to benefit from a general improvement in mindset in the new year as investors and developers reposition their strategies.
Sentiment analysts noted that ownership sentiment shifted from negative to neutral to positive in mid-December, “which often coincides with more retail users signing up and creating addresses.”
There was also more interest from new users to enter the ecosystem to explore DeFi, intangible tokens and other applications towards the end of the year.
Related: Crypto's 2026 Return Hinges on Three Outcomes, Says Wintermute
In the year The increase in stablecoin transactions on Ethereum by the end of 2025 may be one reason, as “the network was actively being used for payments and settlements,” says Sentiment.
“Such real financial activity will bring new participants who will create wallets to send, receive or hold stablecoins and other tokens.”
More than half of all ethers are in trouble
According to on-chain analytics platform Nansen, more than half of the total supply of Ether is in contracts. The ETH2 Beacon Deposit Contract holds over 77 million tokens, representing the verifiable stake deposits used to secure the entire network.
Crypto exchange Binance holds around 4 million Ether in wallets on behalf of users, while fellow exchange Coinbase has around 2.3 million.
Magazine: One Metric Shows Crypto Is Now In A Bear Market: Carl ‘The Moon'
