Ethereum Network Growth Accelerates as New Wallet Creation Surges

Ethereum’s on-chain activity has picked up notably over the past month, with a sharp increase in the number of newly created wallets, according to data from Santiment.

Daily network growth — measured by the number of new ETH addresses — surged to nearly 200,000 new wallets on several occasions in December, marking one of the strongest readings in recent months.

Historically, rising wallet creation has often coincided with periods of increased market participation, as new addresses are commonly associated with fresh capital entering the network. While not all new wallets translate directly into buying pressure, sustained growth in this metric is frequently interpreted as a sign of renewed accumulation interest.

The uptick comes as Ethereum prices consolidate after recent volatility, suggesting that some market participants may be positioning during periods of relative weakness rather than chasing momentum.

Still, analysts caution that network growth alone does not guarantee price appreciation. Broader market conditions, liquidity trends, and macro sentiment remain key factors shaping ETH’s near-term outlook.

Source: Santiment