Ethereum is showing renewed strength as on-chain data points to a sharp rise in user participation and transaction activity. Recent metrics suggest the network is not only attracting new users but also retaining them at a much higher rate, signaling improving fundamentals across the ecosystem.
New Ethereum Addresses Surge
According to analysis, Ethereum’s activity retention nearly doubled within a single month, climbing from just over 4 million to around 8 million active addresses. This increase reflects a large influx of first-time users, rather than growth driven solely by existing participants. Activity retention is closely watched because it highlights whether new users continue interacting with the network instead of exiting after one transaction.
Glassnode reported on Thursday;
Over the past year, the number of daily active Ethereum addresses has also more than doubled, rising from roughly 410,000 to over 1 million by mid-January. This steady expansion points to broader adoption and sustained engagement.
Ethereum’s daily transaction count hit a new all-time high of 2.8 million, representing a 125% increase year over year. Analysts attribute much of this growth to surging stablecoin usage combined with declining transaction fees, making Ethereum more accessible for payments and financial activity.
Layer-2 Scaling Boosts Efficiency
Lower fees are largely driven by Ethereum’s strategy of pushing execution to Layer-2 networks while maintaining settlement security on the main chain. This structure is increasingly viewed as scalable financial infrastructure capable of supporting mass adoption.
With staking nearing 36 million ETH, rising institutional participation, and improving liquidity conditions, analysts note there is growing optimism around Ethereum’s near-term outlook, supported by strong and expanding on-chain activity.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.