According to on-chain data, non-empty addresses on the Ethereum network set a new record of 175.5 million, the highest among all digital assets.
Total number of Ethereum holders hits new record
The total amount of holders recently reached a new milestone for Ethereum, according to data from on-chain analytics firm Santiment. This indicator tracks the total number of wallets on the network with non-zero balances. An increase in the value of this metric means new users are joining the network or old users who previously sold are reinvesting in their assets.
This trend may also be caused by existing users distributing their holdings across multiple wallets. In general, we can assume that all three are acting together to some degree. This means that every time the total amount of holders increases, there is a net adoption of the network.
On the other hand, the decline in this indicator suggests that some investors are clearing out their wallets as they decide to exit cryptocurrencies.
Here is a graph shared by Santiment that shows the trend in total Ethereum holders over the past few months.
The growth in the metric seems to have accelerated in recent weeks | Source: Santiment on X
As shown in the graph above, the total amount of Ethereum holders was increasing in the second half of 2025, but since mid-December, the growth of the indicator has stepped up a gear. In January alone, an additional 5.16 million addresses joined the network, representing an increase of 3.03%. The value of this indicator is currently 175.5 million, breaking the all-time high of ETH and setting a new record among all digital assets.
The increase in total holders is not the only on-chain development that Ethereum has observed recently. In the same chart, the analytics firm also attached data for another metric: exchange supply. This metric measures the total amount of ETH currently residing in wallets associated with centralized exchanges.
The graph shows that the supply of Ethereum on exchanges continues to decline, indicating that investors are taking Ethereum away from these platforms. As interest in staking grows on the network, there is a growing movement to withdraw from exchanges.
“Forex supply will continue to shrink as well, as interest in staking remains strong, especially during sideways market moves,” Santimento explained.
ETH price
Ethereum has continued to rise from Sunday’s lows below $2,800, with the asset’s price now above $3,000.
The trend in the price of the coin over the last five days | Source: ETHUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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