- Ethereum averaged 163K new wallets per day in December, up from 124K in July, with peaks reaching 197K.
- The Fusaka upgrade slashed gas fees by 97% to $0.02, boosting throughput to 1.6 Mgas/s and monthly transactions to 46.1M.
- Stablecoin supply on Ethereum surged 53% YoY to $181.2B, while TVL hit $69.1B amid institutional inflows and L2 growth.
Ethereum is demonstrating robust network expansion, underscoring its position as the backbone of decentralized finance and blockchain innovation. According to on-chain analytics firm Santiment, Ethereum’s daily network growth—measured by new crypto wallet creations—has averaged 163,000 addresses per day in December, a significant jump from 124,000 in July. This surge peaked at 197,380 new wallets on December 2nd and 195,460 on December 15th, reflecting heightened user interest and activity.
Stablecoins and TVL Hit New Highs
The catalyst? The Fusaka mainnet upgrade, activated on December 3rd, which included 13 Ethereum Improvement Proposals (EIPs) aimed at enhancing scalability and user experience. Post-upgrade, gas fees plummeted 97% from $1.90 to just $0.02, making transactions more accessible for retail users and developers alike. Network throughput soared 83% year-over-year to approximately 1.6 million gas per second, supporting an average of 46.1 million monthly transactions—a 19% increase. Monthly active addresses also climbed 20% to 8.3 million, highlighting broader adoption.
This growth aligns with Ethereum’s ecosystem milestones in 2025. Total value locked (TVL) reached $69.1 billion, up 5.48% YoY, while stablecoin supply exploded 53% to $181.2 billion. Layer 2 solutions like Arbitrum saw $3.5 billion in inflows, and daily transaction volumes hit 1.74 million in August, largely handled by L2s. Institutional moves, such as JPMorgan’s USD deposit token on Base and Amundi’s tokenized euro fund, bridge traditional finance with Ethereum’s infrastructure.
Institutional Adoption Accelerates
Despite this on-chain vitality, ETH’s price has lagged, consolidating around $3,215 amid shark wallet accumulation. Analysts point to structural challenges like revenue dips and capital outflows, with some forecasting a dip to $2,000 before rebounding. However, the 50-day average of new addresses is at its yearly high, per Santiment, fueling bullish narratives.
Looking ahead, Ethereum’s momentum could accelerate with events like the Solana Breakpoint conference and ongoing unlocks across altcoins. Innovations such as Aave’s revamped app, Starknet’s S-two prover, and Aztec’s privacy layer further solidify Ethereum’s role in a multi-chain future. For investors, this disconnect between network health and price presents opportunities—Ethereum isn’t just surviving; it’s thriving as the settlement layer for global crypto activity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
