Ethereum Activity Retention Doubles With Record Transactions
Ethereum's network activity retention has nearly doubled, driven by a surge in new users and record daily transactions.Summary
Ethereum network activity has seen a significant boost, with on-chain analytics platform Glassnode reporting that month-over-month "activity retention"—the measure of users sticking around—has almost doubled, indicating a surge in first-time interacting addresses over the last 30 days. This influx moved new network addresses from about 4 million to 8 million. Concurrently, daily transactions on Ethereum hit an all-time high of 2.8 million on Thursday, a 125% increase year-over-year. This surge is attributed to exploding stablecoin usage on Ethereum, facilitated by collapsing fees as execution moves to Layer 2 solutions while settlement remains secure on Layer 1. Experts note that improving sentiment, sustained ETF inflows, and scaling upgrades position Ether (ETH) for a potential near-term breakout, with prices recently hitting a two-month high of $3,400.
(Source：Cointelegraph)