2026-01-02 13:24:30

Recently, Ethereum's on-chain performance has been quite impressive. In the past few days, the number of active addresses has skyrocketed to 730,000, hitting a three-year high. Transaction volume is even more astonishing, with the 7-day average reaching 1.87 million transactions, setting a new record.

The most notable figure is the 270,000 new addresses added on December 31st. Looking back, this is the largest single-day increase since 2018. What does this data indicate? It shows that there are truly more participants entering the market.

Why has this wave of enthusiasm emerged? Industry insiders generally believe that it is closely related to the upgrades and optimizations of the Ethereum network itself. Transaction fees have decreased, and speeds have increased. As a result, both retail investors and institutions have found reasons to participate. Retail investors feel the lower costs make operations easier, while institutions see improvements in liquidity and efficiency, naturally wanting to get a share.

From this perspective, Ethereum's ecosystem heat is no longer superficial but supported by real trading data. Whether it's popular tokens like PEPE or ETH itself, market participation is indeed rising.

How long this market trend will last depends on future policy developments and macroeconomic conditions. But from on-chain data, at least for now, market confidence remains intact.

ETH3,35%

PEPE20,24%

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LayerZeroEnjoyer

· 14h ago

730,000 active addresses, this data is quite impressive. Everyone used to say Ethereum is outdated, but now it's showing off its muscles again. --- 270,000 new daily addresses, the highest in six years? That's hard to believe. Could it be that some new coin is about to take off again? --- Gas fees have really dropped a lot, otherwise retail investors would have already left. --- 1.87 million transactions hit a new high. Is this really hot or just hype again? Let's wait and see. --- Institutions are also entering the market, which indicates there is indeed some substantial substance behind it. --- However, policy risks could strike at any time. No matter how beautiful the on-chain data looks, it can't withstand a policy blow. --- Tokens like PEPE are becoming active again, and retail investors are starting to get restless. --- Lowering fee costs is indeed key; otherwise, who would want to keep messing around on Ethereum? --- Ultimately, it depends on whether the market can stabilize later. Good data today doesn't mean it won't crash tomorrow. --- As long as the ecosystem has supporting data, it's more reliable than those projects that only boast.

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MetaverseHobo

· 14h ago

730,000 addresses? That's a bit crazy. It seems like everyone rushing in at dawn by the end of the year.

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Hash_Bandit

· 14h ago

ngl, 270,000 new addresses in one day is indeed a bit crazy... Reminds me of the 2017 cycle when it also surged like this, and you all know how it ended. But this time, the fees are definitely much cheaper, and after the difficulty adjustment, network efficiency has skyrocketed. Hardware costs have a significant impact on participation. I'm just worried that this wave of popularity might again attract retail investors clustering in, making it easy to become the bagholder... It depends on how the subsequent policies unfold.

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