Ethereum active addresses hit a five-month high

Usage Jumps to Levels Not Seen Since March

Ethereum's on-chain activity has surged to its highest point in five months. According to @SantimentData, the @ethereum network logged 989.5K active addresses within a single 24-hour window, a daily count it has not reached since March. The reading comes after a sharp single-day climb: Ethereum's active-address count rose 147% in a single day, from 377,381 on 8 August to 932,847 on 9 August, with the figure climbing further to nearly 989.5K by 10 August per Santiment.

The spike stands out in an otherwise mixed week for the broader market. Token valuations rose on every chain with a reported market-cap figure between 3 and 9 August 2026, while decentralised-exchange volume fell on every chain with a reported figure. Ethereum's address surge was one of the few metrics to buck that pattern.

Price Holds Steady While Activity Leads

Despite the jump in network usage, $ETH has held near $1,870 through the spike, meaning on-chain activity is running well ahead of any corresponding move in the token's price. That divergence is not unusual: the daily active addresses metric shows the number of unique Ethereum addresses involved in transactions each day and is a key indicator of network health and user activity, where a rise suggests increased network usage and can signal a price uptrend. Whether the current surge translates into price momentum remains to be seen.

A few caveats are worth noting. The daily active addresses metric counts the number of distinct addresses that participated in a transfer for a given asset in any given day, with each address counted only once, and includes both senders and receivers. That means the figure reflects wallet activity rather than distinct human users, and one person can control multiple addresses. No single application or catalyst has been publicly identified as the driver of the August surge.

Still, the scale of the move is notable. Ethereum's mainnet active-address count topping 989K in a day places it among the network's busiest sessions of the year and signals that demand to transact on the base layer remains robust even as layer-2 networks continue to absorb a growing share of overall activity.

Sources
Santiment Academy: Daily Active Addresses metric explained
Etherscan: Daily Active Ethereum Address chart
Ethereum Active Addresses Surge 147% Amid Weekly Crypto Market Shifts