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santiment: Despite some mild anxiety over crypto prices over the weekend, the Ethereum network saw explosive growth, with 206,290 new addresses created between January 24 and 25. This was the network’s largest growth spike since October 8, 2022. The 27-month high in daily wallet creations came at a time when sentiment around $ETH turned particularly negative as other altcoins outperformed it. Despite this, thanks to DeFi and the opportunity to bet on the #2 cryptocurrency by market cap, Ethereum still leads the sector in terms of total non-empty addresses.

The growth in new Ethereum addresses despite negative sentiment shows the underlying strength of the network. DeFi opportunities and market positioning continue to attract users, reinforcing Ethereum's leading position in the cryptocurrency sector.