Ethereum Surpasses 175 Million Active Wallets, Decrease in Empty Wallets Reflects Staking Enthusiasm

RektHunter · 2026-02-05T01:00:51+00:00

As of February 5, 2026, Ethereum sees a significant rise in non-empty wallets, surpassing 175.5 million due to increased community participation in staking, indicating long-term commitment and a shift in market dynamics favoring reduced liquidity on exchanges.

RektHunter

2026-02-05 01:00:51

Abstract generation in progress

Latest data from Santiment as of February 5, 2026, shows an interesting phenomenon in the Ethereum ecosystem: the number of non-empty wallets continues to increase dramatically, reflecting high community participation in blockchain activities. This trend coincides with intensified staking activities, which result in fewer empty wallets on the network and demonstrate strong engagement from Ethereum holders.

Record Participation Achieved Through a Wave of Staking

Santiment, through its on-chain analytics platform, announced that the number of filled Ethereum wallets now exceeds 175.5 million, breaking the all-time record for any cryptocurrency. This increase is no coincidence—staking has become the primary mechanism driving the growth of active user bases, especially during periods when the market experiences stagnation and investor preferences shift from traditional trading to yield-bearing strategies.

The phenomenon of decreasing empty wallets indicates that more new addresses are participating in the Ethereum ecosystem, whether through staking delegation or long-term asset placement. Compared to other cryptocurrencies, this achievement demonstrates the unique appeal Ethereum has in attracting both institutional and retail investors.

Staking Redirects Liquidity from Exchanges to Validation Protocols

The most significant implication of this trend is the reduction in Ethereum supply available on trading platforms. As more users lock their assets into staking protocols, the availability of ETH for trading on exchanges will continue to face downward pressure. This dynamic could create a different market environment, where a more limited supply may influence volatility and medium-term price dynamics.

The increase in filled wallets alongside the decrease in empty wallets on the Ethereum network indicates a long-term commitment from the community to the ecosystem, marking a new phase in the evolution of the world’s second-largest blockchain.

ETH-5.28%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.