New Ethereum Addresses Surpass 200,000 Amid Increased Network Activity

Ethereum has reached a significant milestone, with daily active addresses exceeding 200,000 on January 24th and 25th, a level not seen since October 2022. This surge indicates increased engagement in decentralized finance (DeFi) and non-fungible tokens (NFTs).

Key Points on Ethereum Activity

The rise in daily active addresses reflects higher user interaction with decentralized apps (dApps) and DeFi transactions.
New Ethereum addresses are increasing, suggesting new market entrants despite recent price declines.
Ethereum addresses with non-zero balances have steadily grown, surpassing 136 million in January 2025, indicating resilient long-term demand.

Price Performance and Market Conditions

Ethereum's price remains below its January 2025 peak, with ETH trading at $3,203, down 4.0% daily and 1.0% weekly.
Analysts expect institutional and individual investors may drive future price increases as demand for ETH-powered services grows.
Macroeconomic factors and Bitcoin's performance significantly influence Ethereum's price volatility.

The increase in new Ethereum addresses correlates with rising market volatility, highlighting growing interest in DeFi and NFTs beyond speculative trading.