Ethereum Daily Active Addresses Hit 788K, Closing In on Record Territory

Ethereum's onchain activity is edging toward historic highs, according to analytics firm Santiment, which says the network is seeing more than 788,000 active addresses and over 255,000 newly created addresses per day. In an update posted on April 1, 2026, Santiment reported that Ethereum recorded over 788,000 addresses interacting with the network each day, a level the firm described as near an all-time high. At the time of the statement, ETH was trading around $2,130. The April 1 reading follows earlier data pointing to sustained engagement. A Santiment insight published March 3, 2026 put the 30-day average at 837.2K active ETH addresses per day, indicating elevated usage has persisted for at least a month. Crypto Economy's English-language coverage echoed the April 1 figures and embedded the original Santiment post. New wallet creation has also remained elevated. Santiment said more than 255,000 new Ethereum addresses are being created daily; on March 3, the firm cited a 30-day average of 284.8K new addresses per day. While new address growth is often used as a proxy for fresh participation, address counts do not equal unique users since individuals can create multiple wallets. The metric is typically viewed as a signal of onchain demand rather than a direct measure of new entrants. The activity uptick stands out against a cautious market backdrop. The crypto Fear and Greed Index is at 12, in "Extreme Fear" territory, suggesting network usage may be diverging from broader sentiment. At press time, ETH was changing hands at about $2,049.85, with a market capitalization near $247.5 billion and 24-hour trading volume around $20.9 billion. The token was down roughly 4.2% over the prior 24 hours. Ethereum's total value locked across DeFi was estimated at approximately $108.16 billion, highlighting the scale of capital deployed on the network despite softer pricing. Market participants often track address activity as a forward-looking gauge of network health. A sustained rise in both active and new addresses during flat or declining price action can point to demand building independently of speculative momentum. Santiment's characterization of "near all-time highs" has not been independently verified against a full historical dataset. The address surge also comes as broader crypto markets show heightened hedging. K33 Research has said leveraged short exposure in Bitcoin ETFs is near record highs, adding complexity to the contrast between Ethereum's onchain signals and wider market positioning. 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.