Quick Breakdown
- Ethereum’s new active addresses nearly doubled to around 8 million in the past month.
- Daily transactions hit a record 2.8 million, driven largely by stablecoin usage.
- Rising on-chain activity and ETF inflows are strengthening the bullish case for ETH.
Ethereum is witnessing a sharp rise in new user activity, with on-chain data pointing to a growing number of first-time participants engaging with the network over the past month.
According to crypto analytics firm Glassnode, Ethereum’s month-over-month “activity retention” has nearly doubled, signalling a surge in new wallets interacting with the blockchain rather than activity driven solely by existing users. The number of new active addresses climbed from just over 4 million to nearly 8 million within 30 days.
Ethereum’s 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.
This reflects a notable influx of new wallets engaging with the Ethereum network, rather than activity being… pic.twitter.com/h8Zw7hXOSX— glassnode (@glassnode) January 15, 2026
Glassnode said the data suggests fresh demand is entering the Ethereum ecosystem, with new users not only interacting with the network but continuing to remain active.
Daily transactions and active addresses hit record levels
The increase in new users has been mirrored by a sharp rise in overall network usage. Data from Etherscan shows Ethereum’s active addresses have more than doubled year-on-year, rising from around 410,000 to over 1 million as of January 15.
Daily transaction volumes have also reached new highs. Ethereum processed a record 2.8 million transactions on Thursday, a 125% increase from the same period last year.
Crypto research outlet Milk Road attributed the spike largely to surging stablecoin activity on Ethereum, alongside falling transaction fees. It noted that Ethereum’s strategy of shifting execution to layer-2 networks while maintaining settlement on the base layer is beginning to deliver tangible scalability benefits.
Improving sentiment fuels bullish outlook for ETH
Market sentiment toward Ethereum has improved alongside rising on-chain activity. Additional on-chain metrics reinforce the optimistic outlook. Nick Ruck, director of LVRG Research, noted that Ethereum’s daily transactions have consistently exceeded 2 million, while total ETH staked has climbed to nearly 36 million ETH.
MN Fund founder Michaël van de Poppe echoed the sentiment, stating that Ethereum appears to be in a compression phase that could resolve with a sharp move higher in the coming week.
Ethereum co-founder Vitalik Buterin also highlighted the growing maturity of the Web3 ecosystem, asserting that the prerequisites for a fully decentralized internet are now in place.
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