Ethereum Wallet Creation Hits 327k Daily ATH Amid Fee Reduction

VADODARA, January 13, 2026 — Ethereum network wallet creation has surged to an all-time high of 327,000 per day, according to on-chain analytics firm Santiment. This daily crypto analysis reveals a structural shift driven by the Pusaka upgrade's gas fee reduction, with stablecoin transfer volume hitting $8 trillion in Q4 2025. Market structure suggests this metric could precede a liquidity grab if sustained.

Market Context & Background

Historical cycles indicate network growth often leads price action by 3-6 months. The previous wallet creation peak occurred in late 2023 during the Shanghai upgrade, preceding a 42% ETH rally. According to Ethereum.org documentation, the Pusaka upgrade implemented EIP-4844 proto-danksharding, reducing L2 rollup costs by 90%. This technical enhancement created a Fair Value Gap (FVG) in network utility metrics. Related developments include the ETHGas GWEI token launch testing governance models amid this fee reduction environment.

What Happened?

Santiment data confirms 327,000 new Ethereum addresses created daily. The firm attributes this to gas fee reductions from December's Pusaka upgrade. Stablecoin transfer volume reached $8 trillion in Q4 2025, per the same report. On-chain data indicates new users are adopting Ethereum as payment infrastructure. This surge represents a 78% increase from the previous 2023 high of 184,000 daily wallets.

Technical Analysis & Price Action

ETH currently trades at $3,178.26, up 2.46% in 24 hours. The 50-day EMA at $3,100 provides immediate support. RSI sits at 58, indicating neutral momentum. Volume profile shows accumulation between $3,050 and $3,200. Bullish invalidation level: $3,050 (break below suggests weak follow-through). Bearish invalidation level: $3,350 (break above confirms network growth driving price). The Fibonacci 0.618 retracement from the 2025 high sits at $3,450, creating a key resistance zone.

By The Numbers

Why It Matters

Institutional impact: Increased network usage validates Ethereum as settlement layer for TradFi applications. Retail impact: Lower fees enable micro-transactions and DeFi participation. The $8 trillion stablecoin volume indicates real economic activity, not speculative transfers. This data point contradicts the global Fear sentiment score of 26/100, suggesting a divergence between network health and market psychology.

Community Sentiment

Market analysts highlight the wallet growth as bullish for long-term adoption. Bulls point to the correlation between address creation and subsequent ETH appreciation. Skeptics question whether these are unique users or Sybil attacks. No official statements from foundation leaders are available, but X/Twitter sentiment leans positive regarding network fundamentals.

Price Prediction / Future Outlook

Bullish case: Sustained wallet growth above 300k daily could drive ETH to test $3,800 by Q2 2026, as network effects compound. This scenario requires holding the $3,050 support and increasing on-chain transaction count.

Bearish case: If wallet creation drops below 250k daily, a retest of $2,800 becomes likely. This would indicate the Pusaka upgrade's impact was temporary, potentially triggering a gamma squeeze in options markets as hedges unwind.