Ethereum New Addresses Up 110% Since Fusaka Upgrade, Adding 292,000 Wallets Daily

TL;DR:

Ethereum’s December Fusaka upgrade has triggered a sharp rise in network activity, with new wallet creation more than doubling to nearly 292,000 addresses per day. The post Ethereum New Addresses Up 110% Since Fusaka Upgrade, Adding 292,000 Wallets Daily appeared first on Cryptonews.

Key Points:

Background:

Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.

Why It Matters:

Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.