Key Insights:
- Vitalik intends to use the Aave-backed social media application, Lens, in 2026, for his online presence and interactions
- Ethereum hit a new ATH in active addresses, staking, new addresses, and daily transactions
- ETH price falls sharply from around $3,000, coinciding with outflows in the spot ETF market
Ethereum co-founder Vitalik Buterin has pledged his commitment to decentralized social media innovation in 2026. Vitalik commended the Aave team for launching a decentralized social media platform, Lens.
While Vitalik validates the Aave-backed socials, the Ethereum network recorded new milestones in staking, active addresses, and daily transactions.
Vitalik Buterin Recommends Lens from Aave
Vitalik recently revealed intentions to prioritize decentralized social media over centralized platforms like X in 2026 for his online interactions. He argued that society needs improved tools for large-scale communication.
According to Vitalik, the ideal mass communication tools should serve the user’s long-term interest, rather than maximizing short-term engagement.
He, therefore, promotes decentralization as the solution. Vitalik explained that decentralization creates a shared data layer, allowing anyone to build their own client on top.
The Ethereum-cofounder revealed he has been using Firefly.social since the start of the year. He said Firefly.social is a multi-client application that lets him post to X, Lens, Farcaster, and Bluesky.
Vitalik, however, pointed out that Bluesky has a 300-character limit, preventing his “beautiful long rants” from fully appearing there.
He went on to critique the crypto social media space. Vitalik said many projects treat adding a speculative token/coin as innovation, which often creates price bubbles around rather than genuine value.
Moving on, Vitalik credited the Aave team for a great job of stewarding Lens so far. He expressed excitement about future development plans to Lens, particularly over the next year.
Vitalik said he plans to post more on Lens in 2026. He also urges everyone to explore Lens, Farcaster, and the wider decentralized social ecosystem.
Vitalik Buterin on Ethereum Surge in Key Metrics
The Lens validation by Vitalik Buterin coincides with a surge in key Ethereum (ETH) network metrics. Crypto analyst Immortal on X brought the market’s attention to the new Ethereum updates.
Immortal highlighted that the key Ethereum metrics all hit new all-time highs (ATH) in January 2026.
The first metric spotlighted is active addresses, which surged to an all-time high. This refers to the number of unique addresses sending or receiving transactions daily. The Ethereum network has maintained over 550,000 daily active addresses, indicating sustained core activity.
Additionally, the amount of ETH locked in staking has hit record levels. According to the latest Ethereum news, more than 36 million ETH is now staked on Ethereum, worth over $120 billion. This represents about 30% of the total circulating ETH supply, a new ATH staking ratio.
Bitmine is among the top players that have increased staking of ETH. The firm recently staked 82,560 ETH, valued at about $259 million, within a four-hour window. This move brought its total stake holdings to 544,064 ETH.
Furthermore, Ethereum’s new addresses and daily transactions also reached new all-time highs. New wallet creation and first-time interactions have exploded. This indicates massive onboarding of fresh users, not just recycled activity from existing ones.
Why is ETH Bleeding?
According to market data, the ETH price surged to $3,100 on Tuesday, Jan.20, before dropping to the current $2,960. In the past 24 hours, the ETH price dropped 4.6%, while trading volume increased 37.7% to $30.54 billion.
Market analysts have often highlighted the $3,000 mark as a key zone to watch. They believe a close above the zone would confirm bullish momentum, targeting the next major move around $3,200-$3,400.
Crucially, market participants have attributed the recent ETH price slump to declining interest from institutions. For instance, the ETH spot exchange-traded fund (ETF) market saw huge outflows reaching $230 million on Jan.20.
According to Farside Investors data, BlackRock ETHA saw the highest outflows of $92.3 million.