Ethereum network activity has recorded a notable surge in new user participation, with month-over-month activity retention nearly doubling over the past 30 days, according to data from on-chain analytics platform Glassnode.
Glassnode’s latest analysis shows a sharp spike in Ethereum’s “New” cohort within its Month-over-Month Activity Retention metric. This indicator tracks how many addresses remain active across consecutive months and categorizes them into new, retained, resurrected, or churned users.
The recent increase suggests a significant influx of first-time interacting addresses on the Ethereum network rather than activity driven solely by returning participants.
“Month-over-month activity retention shows a sharp spike in the new cohort, indicating a surge in first-time interacting addresses over the past 30 days,” Glassnode reported on Thursday.
Implications of Increased New User Engagement
The data highlights renewed user interest and engagement with Ethereum at a time when network usage has been consolidating after previous market cycles.
The chart published by Glassnode illustrates that the rise in new addresses aligns with a broader upward trend in Ethereum network activity, even as ETH’s price has experienced periods of volatility.
Historically, similar spikes in first-time user engagement have often coincided with renewed demand for decentralized applications, on-chain trading, and other ecosystem use cases.
Analysts note that an increase in new participants is a key signal of organic network growth. Unlike short-term speculative activity driven by existing users, fresh wallet creation and interaction point to expanding adoption across retail and institutional segments.
This trend may also reflect increased interest in Ethereum-based decentralized finance (DeFi), layer-2 scaling solutions, and tokenized assets.
Ethereum's Position and Future Outlook
While retained and resurrected cohorts continue to play an important role in overall network activity, Glassnode’s data suggests that the latest growth phase is being led primarily by new entrants. This shift could help strengthen Ethereum’s long-term fundamentals by broadening its user base.
Ethereum remains the largest smart contract blockchain by total value locked and developer activity.
The recent surge in first-time users reinforces its position as a core settlement layer for decentralized applications and on-chain financial infrastructure.
Market participants will likely monitor whether this increase in new user activity translates into sustained retention in the coming months, a factor that could further support Ethereum’s network health and long-term adoption trajectory.