- New addresses interacting with Ethereum doubled this month, pushing new activity retention from about 4 million to roughly 8 million.
- Daily transactions reached an all-time high of 2.8 million, a 125% increase year over year.
- Active addresses have risen from ~410,000 a year ago to over 1 million on Jan. 15.
- Analysts point to rising stablecoin use, lower fees, and staking growth as drivers of the surge.
- Market sentiment and ETF inflows are cited alongside on-chain strength as factors supporting Ether’s recent price gains.
Glassnode reported that Ethereum’s new activity retention nearly doubled over the past 30 days, driven by first-time interacting addresses. New active addresses rose from just over 4 million to around 8 million this month, showing the network attracted many new wallets rather than only repeat users.
Over the last year, active addresses more than doubled from about 410,000 to over 1 million on Jan. 15, according to Etherscan data. Daily transactions spiked to an all-time high of 2.8 million on Thursday, up 125% from the same period a year earlier.
Milk Road reported that the surge coincides with an explosion in stablecoin usage on Ethereum while fees fall, linking the trend to execution shifting to Layer 2s and settlement remaining on layer 1. “That’s the result of Ethereum pushing execution to L2s while keeping settlement secure on L1. That’s what scalable financial infrastructure actually looks like,” the report stated.
Analysts noted improving sentiment. Justin d’Anethan, head of research at Arctic Digital, said “There’s a lot to be optimistic about when looking at Ethereum.” Nick Ruck, director of LVRG Research, highlighted that staking has reached nearly 36 million ETH and that strong on-chain fundamentals and ETF inflows could tighten liquidity.
Market commentators also linked activity to price moves. MN Fund founder Michaël van de Poppe said “There’s a lot of compression taking place with ETH, and that’s likely to break out in the coming week.” Ether hit a two-month high near $3,400 before trading around $3,300 in early Friday sessions.
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