According to Glassnode, a cryptocurrency analytics platform, activity on the Ethereum network has nearly doubled in the past month.
In 30 days, the number of new addresses on the blockchain has grown from just over 4 million to 8 million.
The monthly activity retention metric has shown a sharp jump over the past 30 days, Glassnode reported.
Activity retention measures how many users remain active over a given period of time. In other words, it helps us understand whether users continue to use the network regularly or are just visiting once.
Over the past year, the number of active addresses on Ethereum has more than doubled, from 410,000 accounts registered at this time last year to over 1 million as of January 15, 2026 (Etherscan data).
The number of daily transactions on the blockchain reached a record high of 2.8 million on Thursday, January 15. This represents a 125% increase over the same period in 2025. This could be due to a sharp increase in the use of stablecoins on Ethereum amid declining fees.
This impressive growth indicates that market participants' confidence in Ethereum has improved.
There are many reasons for optimism regarding Ethereum. In the short term, indicators that were in oversold territory have reversed and appear to point to much higher prices, fueled by renewed capital inflows into ETFs, stablecoins, and native crypto protocols, noted Justin d'Anetan, Head of Research at Arctic Digital.