Glassnode reported the latest spike in activity retention came mainly from a new cohort of users interacting with Ethereum during the past 30 days. The firm explained that activity retention tracks whether users remain active over time, rather than appearing once and leaving the network. Consequently, the latest upturn signifies long-term involvement as opposed to transient surges of activity relating to the current accounts.
According to Etherscan data, the past year’s figures show active Ethereum addresses more than doubled existing ones, from around 410,000 to above 1 million by the 15th of January.
The increase in active accounts occurred simultaneously with a general increase in on-chain participation across cases, payments, trading, and decentralized finance. Collectively, these indicators point out that the network growth is now increasingly dependent on new users instead of the recycled activities of old ones.