Ethereum is seeing a surge in new user activity even as ETH price action remains largely range-bound.

Summary Ethereum is averaging about 327,000 new wallets per day, with a single-day peak of nearly 394,000, the highest on record. Lower fees after the Fusaka upgrade and record stablecoin usage have encouraged user onboarding. Wallet growth is growing even as ETH trades sideways, pointing to adoption driven by real usage rather than speculation. According to a Jan. 13 post by on-chain analytics platform Santiment, Ethereum has recorded an average of 327,000 new wallets created per day over the past week, marking the highest rate of address creation in the network’s history.

Nearly 394,000 new wallets were created in a single day on Jan. 11, breaking the previous record.

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