Ethereum New Addresses Surge 110% Since Fusaka Upgrade
One month after the Fusaka hard fork, Ethereum is adding 292,000 new addresses daily as PeerDAS scaling improvements drive adoption.
Ethereum's December 3 Fusaka upgrade is delivering measurable results, with new address creation up 110% and network adoption hitting levels not seen since the 2024 bull market.
What Happened
Glassnode data shows Ethereum is now adding approximately 292,000 new addresses daily, marking the network's fastest wallet growth rate in over a year. The surge follows the successful activation of Fusaka, Ethereum's 17th major upgrade, which went live on December 3, 2025.
The upgrade introduced PeerDAS (Peer Data Availability Sampling), a technical improvement that eliminates the requirement for all nodes to download and store complete blob data. This directly benefits Layer 2 networks like Arbitrum and Optimism by reducing operational costs and improving scalability.
Why It Matters
The sustained growth in new wallets suggests structural adoption rather than speculative activity. On-chain analysts note that new addresses represent wallets that have not previously interacted with ETH, making this a reliable indicator of genuine user onboarding.
Institutional confidence is also rising. On January 2, 2026, U.S. spot Ether ETFs recorded $174.5 million in net inflows, their largest single-day gain in 15 trading sessions. The smooth deployment of Fusaka without chain instability has reduced concerns around Ethereum's roadmap execution risk.
What to Watch
ETH has reclaimed the $3,200 level and technical analysts are eyeing $4,061 as the next breakout target. The combination of improving network fundamentals and renewed ETF demand could drive further upside. However, with the Crypto Fear & Greed Index still in Fear territory, near-term volatility remains possible.
Key Takeaways
The Fusaka upgrade marks a significant milestone in Ethereum's scaling roadmap. With PeerDAS now live and Layer 2 costs declining, the network is positioned to capture broader adoption throughout 2026. Whether this translates to sustained price appreciation will depend on continued institutional inflows and broader market sentiment.
