Ethereum Holders Jump 3% In January, Clear 175 Million Milestone

bitcoinistPublished on 2026-01-29Last updated on 2026-01-29

Abstract

Ethereum has reached a new milestone with 175.5 million non-zero addresses, the highest among all digital assets. This represents a 3.03% increase in January alone, adding 5.16 million new holders. The growth accelerated significantly since mid-December, indicating increased network adoption. Simultaneously, the supply of ETH on exchanges continues to decline as more investors move their assets into staking. Despite recent market fluctuations, Ethereum's price has recovered above $3,000 after a brief drop below $2,800.

On-chain data shows non-empty addresses on the Ethereum network have set a new record of 175.5 million, the highest among all digital assets.

Ethereum Has Seen A New Record In Total Amount Of Holders

According to data from on-chain analytics firm Santiment, the Total Amount of Holders has hit a new milestone for Ethereum recently. This indicator tracks the total number of wallets on the network carrying a non-zero balance. When the value of this metric rises, it means new users are joining the network, and/or old users who had sold earlier are investing back into the asset.

The trend can also arise due to existing users distributing their holdings across multiple wallets. In general, all three of these can be assumed to simultaneously be at play to some degree, meaning that whenever the Total Amount of Holders goes up, some net adoption of the network is taking place.

On the other hand, the indicator witnessing a decline suggests some investors are clearing out their wallets, potentially because they have decided to exit from the cryptocurrency.

Now, here is the chart shared by Santiment that shows the trend in the Ethereum Total Amount of Holders over the last few months:

The growth in the metric seems to have accelerated in recent weeks | Source: Santiment on X

As displayed in the above graph, the Ethereum Total Amount of Holders was rising during the second half of 2025, but since mid-December, growth in the indicator has gone up a gear. In January alone, 5.16 million more addresses have joined the network, representing a jump of 3.03%. The metric’s value is now at 175.5 million, a new all-time high for ETH and a record among all digital assets.

Growth in the Total Amount of Holders isn’t the only on-chain development that Ethereum has observed recently. In the same chart, the analytics firm has also attached the data for another indicator: the Supply on Exchanges. This metric measures the total amount of ETH that’s currently sitting in wallets associated with centralized exchanges.

From the graph, it’s visible that the Ethereum Supply on Exchanges has continued to go down, a sign that investors have been taking their Ethereum off these platforms. The push toward exchange withdrawals has come as staking interest has been rising on the network.

“As staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well,” explained Santiment.

ETH Price

Ethereum has been making its way back up since its Sunday low under $2,800, as the asset’s price is now back above $3,000.

The trend in the price of the coin over the last five days | Source: ETHUSDT on TradingView

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Related Questions

QWhat is the new record set by non-empty addresses on the Ethereum network in January?

AThe new record set by non-empty addresses on the Ethereum network is 175.5 million.

QWhat does the 'Total Amount of Holders' metric indicate when it increases?

AWhen the 'Total Amount of Holders' metric increases, it indicates that new users are joining the network, old users are reinvesting, or existing users are distributing their holdings across multiple wallets, reflecting net adoption of the network.

QHow much did the number of Ethereum addresses grow in January, and what was the percentage increase?

AIn January, the number of Ethereum addresses grew by 5.16 million, representing a 3.03% increase.

QWhat trend has been observed in the Ethereum Supply on Exchanges recently, and why?

AThe Ethereum Supply on Exchanges has continued to decrease, as investors have been withdrawing their ETH from centralized platforms due to rising staking interest on the network.

QWhat was Ethereum's price movement after its Sunday low, and what is its current price level?

AEthereum has been recovering since its Sunday low below $2,800, and its price is now back above $3,000.

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