Ethereum is seeing a sharp rise in new users, with on-chain data showing that activity retention has nearly doubled over the past month, according to analytics firm Glassnode.
Key Takeaways:
- Ethereum is seeing a surge of new users, with activity retention and new active addresses nearly doubling in the past month.
- Daily transactions hit a record as active addresses surged year over year.
- Lower fees and rising stablecoin use are driving sustained network growth.
The firm said a strong increase in first-time interacting addresses over the past 30 days points to fresh users entering the network, rather than existing participants driving most of the activity.
Glassnode reported that month-over-month activity retention has spiked in the newest user cohort, a sign that new wallets are not only interacting with Ethereum but continuing to use it.
Ethereum Network Activity Doubles as New Users, Transactions Surge
New active addresses have climbed from just over 4 million to around 8 million in the past month.
Activity retention tracks whether users remain engaged over time, offering insight into whether network growth is sustainable rather than driven by short-lived spikes.
Broader network data shows similar momentum. Over the past year, the number of active addresses on Ethereum has more than doubled, rising from about 410,000 to over 1 million, according to Etherscan.
Daily transaction counts have also surged, reaching a record 2.8 million on Thursday, roughly 125% higher than levels seen a year earlier.
Analysts attribute much of this growth to rising stablecoin usage and lower transaction costs. Macroeconomics outlet Milk Road said the increase reflects Ethereum’s shift toward moving execution to layer-2 networks while keeping settlement on the main chain.
That design has helped drive fees down while maintaining security, making the network more accessible for everyday use.
Data from Token Terminal shows stablecoin activity on Ethereum has reached all-time highs at the same time fees have fallen to multi-year lows.
The combination appears to be encouraging more frequent use of the network, particularly for payments and decentralized finance activity.
Market participants say the improved on-chain picture is feeding into more positive sentiment around Ether.
Ether recently touched a two-month high near $3,400 before easing back to around $3,300 in early Friday trading, as investors weigh whether the surge in activity can translate into a sustained price move.
Buterin Claims Ethereum Has Solved the Blockchain Trilemma
Last week, Buterin said the Ethereum network has solved the blockchain trilemma, crossing a milestone many in crypto long viewed as unattainable.
The Ethereum mastermind argued that recent and upcoming upgrades have finally aligned decentralization, security, and scalability through code already running in production.
At the center of the claim are two technical advances, including peer data availability sampling (PeerDAS) and zero-knowledge Ethereum virtual machines (zkEVMs).
Meanwhile, Ethereum’s staking dynamics shifted sharply as validator exits dried up and fresh capital flowed back into long-term lockups, signaling a notable change in market behavior among large ether holders.
The post Ethereum Sees Surge in New Users as Activity Retention Doubles: Glassnode appeared first on Cryptonews.
Credit: Source link
