Glassnode: Influx of new users doubles Ethereum on-chain activity
according to Glassnode, Ethereum network activity has seen a significant increase in new users, with the "activity retention" in the past month nearly doubling.
Glassnode reported on Thursday that month-on-month data shows a clear surge in the activity retention rate of the new user group, "indicating a substantial increase in the number of addresses interacting with the network for the first time in the past 30 days."
The platform added that this change reflects a large number of new wallets participating in Ethereum network activity, "rather than the activity increase being driven solely by existing participants."
Data shows that the number of newly active retained addresses (i.e., new network addresses) this month has surged from just over 4 million to about 8 million addresses.
The activity retention metric is used to measure whether users can remain active over a period of time, reflecting whether users truly stay on the network and continue to use it, rather than appearing once and then quickly disappearing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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