Ethereum Sees User Doubling with Influx of New Wallets, Reports Glassnode

On the 16th, cryptocurrency analytics firm Glassnode reported a significant surge in new users on the Ethereum (ETH) network, with the 'activity retention rate' for new cohorts nearly doubling over the past month. This sharp increase in the monthly activity retention rate indicates a significant influx of addresses interacting with the network for the first time in the last 30 days. According to the firm, this is not merely activity by existing participants but reflects a notable influx of new wallets joining the Ethereum network. The new activity retention rate, that is, new network addresses, has increased from just over 4 million this month to approximately 8...