Ethereum has reached a new milestone with active wallets hitting a record 175.5 million, according to data from Santiment. This surge is attributed to increasing interest in Ethereum staking, which has contributed to the addition of 5.16 million wallets in 2026 alone.
The growing number of active wallets coincides with a decrease in Ethereum’s supply on exchanges, suggesting a shift towards long-term holding and staking. This trend reflects a broader movement within the Ethereum community towards securing network participation and earning rewards through staking.
