Ethereum is experiencing a surge in new user activity, with an average of 327,000 new wallets created per day and a peak of nearly 394,000 in a single day. Factors such as lower fees after the Fusaka upgrade and record stablecoin usage have encouraged user onboarding. Despite ETH price remaining range-bound, real usage and adoption are driving growth in the Ethereum network. Institutional players are also involved, indicating a long-term commitment to the platform. Analysts see this as a sign that ETH may be gearing up for significant price movements in the future.

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