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An average of 327,000 wallets were created each day on average over the past week, likely pushed by a flurry of financial activity combined with recent network upgrades.
A combination of protocol-level upgrades, stablecoin activity, and a shift in crypto sentiment has helped push Ether wallet creation to its highest levels in history.
Over the last week, an average of 327,000 new wallets have been created per day, with Sunday recording the highest number ever for a single day at over 393,000, Santiment analysts said in an X post on Tuesday.
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New wallets can signal that fresh users, developers, or institutions are entering the ecosystem.