Ethereum Adoption Grows as New Wallets Surge

The creation of new Ethereum wallets has reached historic highs, averaging 327,000 daily over the last week, with a single-day peak exceeding 393,000. This surge, along with non-empty wallets hitting 172.9 million, is attributed to several factors. Analysts suggest the December Dencun upgrade made using Ethereum cheaper and easier by improving data handling and reducing costs from L2 networks, encouraging new users. Furthermore, a shift in holder sentiment from negative to neutral/positive in mid-December coincided with increased retail interest in DeFi and NFTs. Increased stablecoin transfers late in the year also indicated active use for payments, drawing in new participants. Separately, more than half of the total Ether supply is now held in staking contracts.

(Source：Cointelegraph)