Farcaster

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 network's resilience and long-term potential. The DeFi sector continues to drive adoption and interest in $ETH, solidifying its position as a leader in the crypto space. Stay informed and stay secure in this evolving landscape.