Ethereum New Addresses Surge 110% After Fusaka Upgrade

• After the upgrade was live, the address creation of Ethereum elevated thoroughly from December into early January.
• Not long ago, ETH reclaimed the $3,200 level, shifting higher as new address growth accelerated and wider market sentiment enhanced. 

A significant surge in the on-chain user activity has been witnessed soon after the Fusaka upgrade rolled out in early December, with new addresses going up over 110% in the last month. 

Glassnode data reveals that the network is now adding around 292,000 new addresses every day, showing its fastest pace of wallet growth since the 2024 bull market. The growth was a result of the December 3 deployment of Fusaka, an update focused on enhancing data availability and reducing Layer 2 costs. 

Market participants reveal that the sustained increase in new wallets indicates structural adoption instead of short-term speculative activity. Fusaka rolled out the Peer Data Availability Sampling (PeerDAS), a prominent technical change focused on lowering the cost of posting data to Ethereum. 

The update is beneficial for Layer 2 networks by reducing operational expenses and amplifying scalability, making it cost-effective for users and applications to interact with the Ethereum ecosystem. 

After the upgrade was live, the address creation of Ethereum elevated thoroughly from December into early January, attaining levels not seen since the last cycle’s expansion phase. 

What Does The Analyst Say? 

Analysts mention that suppressed Layer 2 friction mainly results in higher onboarding activity, mainly across DeFi, gaming and consumer-facing applications. While not every new address shows a long-term participant, sustained growth at this scale is normally seen as a positive indicator of elaborating network usage. 

The price of Ethereum has started to show amplified network fundamentals. Not long ago, ETH reclaimed the $3,200 level, shifting higher as new address growth accelerated and wider market sentiment enhanced. 

Although, on-chain supply data shows potential resistance ahead. The digital asset data provider, Glassnode, has revealed that a good amount of ETH held by investors was the one that was traded between July and October 2025. 

A lot of these holders are now around break-even levels, increasing the risk of selling pressure if prices continuously increase. Market participants are now looking to see if elevated address creation changes into sustained transaction demand and Layer 2 usage. 

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