According to data from Santiment, Ethereum is experiencing a significant uptick in network activity, with 800,000 to 1 million new ETH addresses created per week since mid-May.
This marks a substantial increase from the 560K–670K weekly wallet creation rate seen last summer, indicating strong underlying network growth even as ETH consolidates around the $2,500 price level.
Santiment’s chart highlights that the number of new addresses being generated weekly has climbed by over 30% year-over-year, signaling improving network utility and broader ecosystem engagement.
The metric is widely seen as a proxy for user growth and long-term adoption potential.
With Ethereum price action stabilizing and wallet creation surging, analysts interpret this trend as a bullish signal for ETH fundamentals, suggesting demand-side strength is quietly building beneath the surface.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-network-growth-accelerates-as-eth-holds-2500-level/