Ethereum Hits Record 393.6K New Wallets in One Day
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Record Wallet Growth: Ethereum added 393,600 new wallets on January 11, marking the highest daily growth ever, pushing the total number of non-empty wallets to 172.97 million, reflecting strong user demand and confidence in the network.
- Price Resistance Analysis: Currently trading around $3,198, Ethereum faces key resistance at $3,300 and $3,550, and a clean break above these levels could trigger significant upward movement, attracting more short-term traders.
- Fusaka Upgrade Driving Usage: The Fusaka upgrade has reduced Layer-2 transaction costs, making Ethereum cheaper and more efficient to use, which has spurred user growth and highlights the positive impact of technological advancements on market demand.
- Surge in Stablecoin Activity: Ethereum saw over $8 trillion in stablecoin transactions in Q4 2025, indicating increased real network usage that attracts new users and drives wallet creation, further strengthening Ethereum's market position.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
