On-chain data shows that Ethereum Network Growth has risen to a new all-time high (ATH), suggesting that ETH adoption has increased.
The Growth of the Ethereum Network Has Improved Recently
In a new post on X, on-chain analytics company Santiment discussed the recent rise in Ethereum Network Growth. This metric measures the total number of addresses that come online to the network for the first time.
A wallet is said to come “online” when it participates in some form of transaction activity on the blockchain. Therefore, the addresses tracked by Network Growth are the ones that participate in their first referral.
If the value of the metric is high, it means that users are creating a high number of new addresses in the network. Such a trend can be a sign that asset acceptance is happening.
On the other hand, a low value index can mean that the cryptocurrency is not attracting new users as there is not much wallet generation happening on the network.
Now, here’s a chart shared by Santiment showing the trend in Ethereum Network Growth over the past year:
The value of the metric seems to have shot up in recent days | Source: Santiment on X
As shown in the graph above, Ethereum Network Growth has seen a spike recently. Last week, the production of addresses reached 327,100 per day, and the highest level was seen on Sunday, when 393,600 new addresses appeared.
Sunday’s high was a new record for the index, which means that ETH has seen an unprecedented amount of one-day address creation. As a result of the increase in Network Growth, the Total Number of Owners, an index that tracks the number of empty addresses that exist on the blockchain, also reached a new ATH of 172.97 million.
What is driving all this discovery? According to the statistics firm, there could be several factors contributing to this trend. First is the Fusaka upgrade that took place in December, along with improved data management and layer-2 cut payments.
The second stablecoin record activity seen by the Ethereum blockchain in late 2025, the transaction volume reaches $8 trillion in the fourth quarter. “This type of real financial activity often brings in new participants who create wallets to send, receive, or hold stablecoins and other tokens,” Santiment explained.
Finally, the beginning of the year saw an increase in interest and an improvement in sentiment among traders, which could lead to new traders signing up for new wallets.
Trading currency of ETH
The previous day was bullish for Ethereum as its price jumped more than 5%, returning to the $3,340 level.
Looks like the price of the coin has shot up recently | Source: ETHUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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