The Ethereum network has seen its biggest one-day growth so far in 2022, with the total number of wallet addresses on the network hitting a fresh all-time high over the weekend. The growth indicates that the real-world utility of the network is rising.
Per data from the crypto analytics firm Santiment, a surge in new addresses created on Ethereum was seen on Saturday, when as many as 135,780 brand new wallet addresses popped up on the network.
The firm noted in a tweet published this weekend that the increase was 11.1% larger than what was seen on January 3, which marked the second biggest day for network growth this year. As explained by Santiment, the network growth means that the utility of the network is rising, which it said “commonly foreshadow potential asset breakouts.”
The unusually strong network growth was also pointed out by others on Twitter, with one Twitter user predicting that “big moves” are coming:
The large growth seen over the weekend also meant that the...
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