Ethereum Records Massive Growth As New ETH Addresses Skyrocket Since May
Highlights
- Ethereum wallet creation jumps 33%, nearing 1 million new addresses weekly.
- Surge in ETH wallets shows rising user confidence and growing network activity.
- Ethereum's stable price hints at increased adoption, Layer 2, and DApp interest.
Ethereum’s network is showing a sharp rise in new wallet activity, based on fresh data from Santiment. The number of new Ethereum addresses created each week is now between 800,000 and 1 million. That’s a significant jump from last summer when the network added only 560,000 to 670,000 wallets per week.
Ethereum Wallet Creation Surges 33% Year-Over-Year
The pace of new wallet creation has picked up sharply since mid-May. At the same time, Ethereum is trading near $2,500. This price level has remained stable over the past week.
Santiment notes that this growth in wallets highlights Ethereum’s improving network utility. The network is gaining more users, even during times of sideways price action. New wallets often reflect more interest from both traders and developers.
This wallet growth is not just a small increase. Compared to the same time last year, the current weekly rate is up by around one-third. The recent trend suggests growing confidence in Ethereum’s long-term role in the crypto space. Activity like this often builds during quiet periods, ahead of larger market shifts.
Santiment’s chart also shows a gradual upward trend in wallet creation over several months. There were weekly drops along the way, but the broader trend remains clearly positive. The latest weekly data shows nearly 896,000 new ETH addresses, just below the 1 million mark.
Ethereum wallet growth. Source: X (@santimentfeed)
Wallet Growth Signals Rising Network Strength
More wallets can mean more participants entering the ecosystem. These may be individual investors, institutions, or developers testing apps. Whatever the case, it reflects a busy and growing network. Ethereum is still the largest smart contract platform by usage and that status remains strong in 2025.
One reason behind this rise may be upcoming developments in the Ethereum ecosystem. Layer 2 networks and staking protocols continue to draw new attention. Also, growing interest in decentralized applications may be prompting more users to interact with Ethereum directly.
The $2,500 level could act as a psychological support. Price stability during this wallet surge is notable. Investors tend to view increased network activity as a positive signal. It may not lead to instant price gains, but it adds to long-term strength.
Ethereum price is down 0.17% in the last hour and trades at $2,495.
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
