Ethereum (ETH) new wallet creations hit an all-time high... 327,000 per day on average

Source
JH Kim

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

Loading IndicatorLoading Indicator

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."

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Trending News