Fresh on-chain data shows that Ethereum is attracting a new wave of first-time users rather than just recycling the same addresses. Analytics firm Glassnode reports that the share of wallets which recently interacted with Ethereum and then stayed active has jumped sharply in the last month, a trend that lines up with CoinDesk’s finding that more people are using the network for the very first time.
Glassnode’s breakdown points to a clear step up in both new and returning activity. In the newest user cohort, month over month activity retention has roughly doubled, with the number of recently active addresses rising from a little over 4 million to around 8 million in about thirty days. On a longer horizon, daily active addresses have climbed from roughly 410,000 a year ago to more than 1 million, while transactions have surged to an all time high near 2.8 million in a single day, more than one hundred percent above last year’s levels.
Several forces are behind the influx. Researchers highlight the combined pull of decentralized finance, record stablecoin transfer volumes, NFT activity and a new generation of consumer style applications as key reasons more wallets are touching Ethereum for the first time. At the same time, fees on many transactions have come down as more execution moves to layer 2 rollups while the main chain focuses on settlement, which makes it easier for small users to experiment without being priced out.
The growth story is not just about transactions. Staked ETH has climbed close to 36 million coins, and on-chain analysts note that this larger base of long term holders is coexisting with the surge in new wallets rather than crowding them out. The combination of higher activity retention, record daily usage and a steadily growing staking pool suggests that Ethereum is adding both committed participants and first time users at the same time.
For builders and investors, the takeaway is that Ethereum’s current momentum rests on more than price action alone. A larger pool of genuinely new addresses that keep coming back points to deeper adoption of the network’s core use cases, from stablecoin transfers and lending to trading, gaming and digital collectibles. If those trends continue, the rise in first time users seen in recent weeks could mark the early phase of a broader expansion in Ethereum’s real economic footprint rather than a short lived spike in speculative activity.





































































































