Ethereum activity doubles with influx of new users: Glassnode

Ethereum saw activity retention nearly double to 8 million addresses in a month while daily transactions hit an all-time high of 2.8 million amid soaring stablecoin use.

Ethereum network activity has shown a sharp increase in new users, with “activity retention” almost doubling over the past month, according to crypto on-chain analytics platform Glassnode.

Month-over-month “activity retention” shows a sharp spike in the new cohort, “indicating a surge in first-time interacting addresses over the past 30 days,” Glassnode reported on Thursday.

It added that this reflects a notable influx of new wallets engaging with the Ethereum network, “rather than activity being driven solely by existing participants.”

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