2026-01-05 07:25:49

Fusaka Upgrade Drives Ethereum Ecosystem Expansion, New User Surge Since December

Since the Fusaka upgrade on December 3rd, the creation of new Ethereum addresses has significantly increased. Data shows that the number of new addresses has grown by approximately 110% month-on-month, with an average of 292,000 new addresses per day, a rate that has been quite rare in recent times.

Even more interesting is the subtle change in the on-chain holding structure. According to the HODL Waves indicator, the proportion of medium-term holders is increasing, indicating that many early investors are taking profits at this stage. The coexistence of a surge in new users and profit-taking by medium- and long-term holders not only reflects market enthusiasm but also hints at a game of different participants.

ETH-1,36%

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SelfStaking

· 20h ago

A 110% increase sounds impressive, but what are new users really coming for... Early holders are selling off, this signal needs to be analyzed carefully.

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ConsensusDissenter

· 01-07 20:50

110% growth? Sounds good, but are these new addresses really sticking around... Early investors are dumping, new retail investors are entering, I've seen this script many times before. Fusaka upgrade is just this? I thought it would be more intense.

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SelfMadeRuggee

· 01-07 09:46

New address 110% growth? That's such an incredible number, but I feel like they're all new accounts coming to harvest the profits...

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TheShibaWhisperer

· 01-05 07:53

A 110% increase is a bit exaggerated; the real issue is early players leaving.

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ApeEscapeArtist

· 01-05 07:50

A 110% increase? That number sounds a bit crazy, but whether it's real or not depends on how long it can last. Old money is fleeing, new people are pouring in. I've seen this trick too many times.

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ImpermanentLossFan

· 01-05 07:41

A 110% increase sounds impressive, but big players are dumping... These new users are probably going to be left holding the bag.

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ForkTongue

· 01-05 07:38

110% growth? This Fusaka upgrade is indeed top-notch, but I'm more concerned about when those big players who took profits will re-enter. Early players are now all selling, new players are rushing in... This game is quite interesting.

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SeasonedInvestor

· 01-05 07:29

110%? What's going on, is this really going to take off this time?

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