During the period from January 24 to 25, Ethereum added over 200,000 new addresses.

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3 days ago

During January 24-25, Ethereum added over 200,000 new addresses, marking the highest growth rate since the end of 2022—

Despite currently experiencing a significant drop, the Ethereum network has seen its largest boom since 2022 in terms of on-chain addresses;

ETH rapidly grew with an astonishing creation of 206,290 new addresses between January 24 and 25.

This is the highest increase in network growth since October 8, 2022.

As the daily wallet creation reached a 27-month high, the sentiment around $ETH turned particularly negative due to the performance of other altcoins outperforming Ethereum, leading many early Ethereum supporters to shift towards FUD and abandon their Ethereum holdings;

Regardless, due to the staking options of DeFi and the second-largest asset in the cryptocurrency market, Ethereum remains the leader in the total number of non-empty addresses across the entire industry.

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