Summary
- Santiment said new wallet creations on the Ethereum network reached an all-time high, averaging 327,000 per day.
- Santiment said the Fusaka upgrade introduced in December significantly reduced gas fees, driving a sharp rise in new user inflows and wallet creations.
- Santiment said stablecoin transfer volume on the Ethereum network hit a record $8 trillion in the fourth quarter of last year, noting it is being used as a payments infrastructure with real-world usage.
Forecast Trend Report by Period
According to crypto data analytics firm Santiment on the 13th (local time), the number of newly created wallets on the Ethereum (ETH) network hit a record high, averaging 327,000 per day.
Santiment said, "Gas fees were significantly reduced through the Fusaka upgrade introduced last December. As a result, new user inflows increased and wallet creations surged."
It added, "In the fourth quarter of last year, stablecoin transfer volume on the Ethereum network reached a record high of $8 trillion," explaining that "as Ethereum is being used as a payments infrastructure with real-world usage, new users are flowing in."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
