$ETH Address Creation Hits 1 Million Weekly as Network Activity Surges


#Ethereum generates 800,000 to 1 million new wallet addresses weekly, according to Santiment data.


This marks 33% growth compared to last summer's 560,000-670,000 weekly creation rate.


The acceleration began in mid-May while $ETH price stabilized around the $2,500 level.


Recent weekly data shows 896,000 new $ETH addresses approaching the 1 million milestone.


Rising activity may stem from #Layer2 networks and decentralized application development interest.


Price stability during this wallet surge indicates underlying network strength building momentum.


The trend suggests that organic growth, rather than speculative trading, is driving address creation.

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June 19, 2025 at 11:44 PM
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