Ethereum: Network Growth Accelerates as ETH Holds $2,500 Level
According to data from Santiment, Ethereum is experiencing a significant uptick in network activity, with 800,000 to 1 million new ETH addresses created per week since mid-May.
This marks a substantial increase from the 560K–670K weekly wallet creation rate seen last summer, indicating strong underlying network growth even as ETH consolidates around the $2,500 price level.
Santiment’s chart highlights that the number of new addresses being generated weekly has climbed by over 30% year-over-year, signaling improving network utility and broader ecosystem engagement.
The metric is widely seen as a proxy for user growth and long-term adoption potential.
With Ethereum price action stabilizing and wallet creation surging, analysts interpret this trend as a bullish signal for ETH fundamentals, suggesting demand-side strength is quietly building beneath the surface.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
