According to Glassnode, Ethereum is experiencing a notable increase in new user activity. The network’s Month-over-Month Activity Retention metric shows a sharp rise in the “New” cohort, indicating a surge in addresses interacting with Ethereum for the first time over the past 30 days.

This trend suggests that recent network activity is being driven not only by existing participants, but also by a fresh influx of new wallets. The growth in first-time users may signal renewed interest in Ethereum and reflects its expanding role across areas such as DeFi, NFTs, and onchain applications.