Ethereum Wallet Growth Hits 292K Daily After Successful Fusaka Upgrade

TLDR

• Ethereum is adding approximately 292,000 new addresses daily following the Fusaka upgrade.
• The number of new Ethereum addresses has increased by 110 percent over the past month.
• The Fusaka upgrade was deployed on December 3 and introduced Peer Data Availability Sampling.
• The upgrade aims to reduce Layer 2 data costs and improve overall network scalability.
• Analysts believe the rise in new wallets indicates long-term adoption rather than short-term speculation.

Ethereum has recorded a large increase in user activity after the Fusaka upgrade, deployed on December 3 without disruptions, and Glassnode data shows daily wallet creation has climbed to over 292,000, representing a 110% rise in new addresses within one month.

Fusaka Upgrade Accelerates Onboarding

Ethereum introduced the Fusaka upgrade on December 3 to improve data availability and reduce Layer 2 operational costs. The update rolled out without network interruptions and has helped Ethereum reach its highest address growth rate since 2024.

Fusaka added Peer Data Availability Sampling (PeerDAS), which makes posting data cheaper and improves Layer 2 performance. By reducing friction, the upgrade enables cheaper interactions across the ecosystem, encouraging faster onboarding of users and apps.

According to network data, daily new addresses steadily increased throughout December and into early January. Wallet creation has now reached levels last seen during the prior market expansion, signaling a sustained user trend.

A Glassnode analyst stated, “This rate of wallet growth points to structural adoption, not just temporary speculation.” These changes benefit sectors such as DeFi, gaming, and consumer applications, where cost reductions drive higher engagement.

Ethereum Sees Rapid Growth in New Users

The Ethereum network is now onboarding users at its fastest pace in over a year. This sharp increase in addresses often leads to more network activity, including higher transaction volumes and greater liquidity.

Analysts believe growth is being driven by infrastructure upgrades, not isolated market speculation. Each new address may not represent long-term use, but sustained growth levels often indicate deeper network participation.

The number of addresses being added daily continues rising, supported by more accessible Layer 2 environments. Decreased costs and technical improvements are making Ethereum easier to use and integrate.

Ethereum has successfully completed the complex upgrade without stability concerns, which has built trust in its roadmap. Institutional observers noted the chain’s smooth deployment, citing reduced risk for future Layer 2 scaling efforts.

Price Moves Up, Supply Data Points to Resistance

Following these developments, Ethereum’s price has moved back above $3,200 as new address momentum continues. Glassnode data reflects rising confidence, with prices reacting to the improvement in network fundamentals.

However, supply metrics suggest possible resistance due to large ETH holdings from mid-2025 buyers. Many of these addresses are currently near break-even levels and could sell if prices continue rising.

Data shows elevated address creation does not yet mean higher transactions or fees. Yet, analysts expect this to change if wallet activity remains high and Layer 2 use grows further.

Ethereum now shows the strongest onboarding data since 2024, driven by upgrades instead of short-term trading events. The network continues adding over 292,000 new addresses daily following the Fusaka upgrade’s success.

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