Ethereum network activity is approaching historic levels, with on-chain analytics firm Santiment reporting over 788K active addresses and 255K new addresses interacting with the network daily as ETH trades near $2,050.
Santiment stated on April 1, 2026 that Ethereum had over 788K addresses per day interacting on the network, a figure the firm described as near all-time high levels. At the time of the statement, ETH’s market value was sitting at roughly $2,130.
788K active Ethereum addresses per day
The data aligns with a broader pattern of elevated usage. A earlier Santiment insight from March 3, 2026 showed 30-day averages of 837.2K active ETH addresses per day, suggesting the network has maintained high engagement levels for at least a month. English-language coverage from Crypto Economy confirmed the same April 1 figures, embedding the original Santiment post.
📈 Ethereum's network remains near all-time high levels as $ETH's market value sits at ~$2,130. According to our on-chain data, there are:
🏃 Over 788K addresses per day interacting on the network
👶 Over 255K new addresses per day created on the network pic.twitter.com/vz5Vq2HwDf— Santiment ✈️ 🇫🇷 EthCC (@santimentfeed) April 1, 2026
Source: @santimentfeed on X
What 255K New Addresses a Day Signals for Ethereum
Alongside the active address count, Santiment reported over 255K new Ethereum addresses being created per day. The March 3 insight had pegged that 30-day average at 284.8K new addresses daily, indicating the pace of wallet creation has remained elevated across the broader period.
255K new Ethereum addresses per day
New address growth serves as a rough proxy for fresh participants entering the Ethereum ecosystem. However, a single user can create multiple wallets, so address counts do not map directly to unique individuals. The metric is more useful as a gauge of on-chain demand than as a headcount of new users.
The sustained pace of wallet creation is notable given current market conditions. The broader crypto Fear and Greed Index sits at 12, deep in “Extreme Fear” territory, suggesting that network-level activity is diverging from overall market sentiment.
On-Chain Demand Persists Despite Soft Market Conditions
ETH traded at roughly $2,049.85 at press time, with a market cap near $247.5 billion and 24-hour trading volume around $20.9 billion. The token had dropped approximately 4.2% over the prior 24 hours, reflecting the cautious tone across digital asset markets.
Ethereum’s total value locked stands at approximately $108.16 billion across its DeFi ecosystem, underscoring the scale of capital deployed on the network even as prices soften. The combination of active DeFi usage and rising address counts paints a picture of a network that remains heavily utilized regardless of short-term price action.
Traders and analysts commonly watch address activity as a leading indicator of network health. A sustained rise in both active and new addresses, particularly when prices are flat or declining, can suggest that underlying demand is building independently of speculative momentum. Whether that framing applies here, according to Santiment, is supported by the data, though the firm’s “near all-time highs” characterization has not been independently verified against a full historical series.
The address surge also arrives during a period of elevated hedging activity in crypto markets more broadly. With leveraged short exposure in Bitcoin ETFs near record highs according to K33 Research, the divergence between Ethereum’s on-chain fundamentals and broader market positioning adds a layer of complexity to the current landscape.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
