Ethereum attracts new users — this could mean important information for ETH

Source: PortaldoBitcoin Original Title: Ethereum attracts new users — and this could say something important about ETH Original Link: The Ethereum network has recently experienced a significant increase in activity, driven mainly by an influx of new users rather than more frequent use by existing participants.

Data from Glassnode (monthly retention metrics observed by CoinDesk) shows a noticeable increase in the group classified as “new users,” which tracks wallets that first interacted with the blockchain during a specific period.

The progress observed last month is more prominent compared to previous months, indicating a renewal trend in the Ethereum network user base. This detail is considered important because peaks in on-chain activity do not always mean broader adoption. In many cases, especially during periods of high volatility, increased transactions merely reflect the same users moving funds more frequently.

However, when growth is led by new wallets, it indicates a broader interest in the Ethereum ecosystem.

This influx of new participants may be related to different uses of the network, such as decentralized finance(DeFi) applications, stablecoin transfers, NFT trading, or interactions with the latest applications built on Ethereum infrastructure. This trend occurs as Ethereum’s native cryptocurrency, Ether, remains stable around $3300, while overall market sentiment has improved after significant volatility at the end of 2025.

Historically, network activity often reacts to price fluctuations with some delay, as new users need time to create wallets, transfer resources, and familiarize themselves with available applications. Therefore, the recent acceleration in the number of new addresses is usually seen as a more structural indicator than purely short-term speculative movements.

In previous cycles, the period of continuous growth in new Ethereum wallets coincided with the expansion of network usage to a broader user base (beyond active or professional users). While such data does not guarantee asset prices will appreciate, it is generally interpreted as a healthier sign of participation, contrasting with rallies primarily driven by leverage or short-term trading.

The current focus is on the retention of these new participants. If the data in the coming months shows improved retention rates—that wallets that recently entered continue to transact and use network applications—this trend could signal a more sustained recovery in Ethereum activity. Conversely, if engagement quickly declines, this peak may be temporary and associated with specific market optimism.