Ethereum Enters a New Phase of User Growth
According to fresh insights from on-chain analytics firm Glassnode, Ethereum has seen a dramatic spike in user engagement. Over the past month, newly active addresses have nearly doubled—from just over 4 million to close to 8 million—signaling a robust revival in on-chain ecosystem activity.
New Wallets Drive the Momentum
The surge isn’t fueled by existing users increasing their transaction frequency, but rather by a wave of fresh participants. A key metric, 'activity retention,' has sharply improved, indicating that newly created addresses are not just making one-off transactions but staying active on the network.
- Sustained participation suggests growing trust in usability and value proposition
- DeFi, NFT markets, and dApps likely play a major role in onboarding
- Behavioral patterns show longer user lifecycles and deeper engagement
This shift marks a departure from previous cycles focused on speculative spikes. The rise in retention signals a maturing user base integrating blockchain into real-world financial behavior.
It also reflects the positive impact of recent Ethereum upgrades, which have enhanced scalability, reduced fees, and improved overall user experience—laying the groundwork for mass adoption.