{"id":93218,"date":"2026-01-16T13:36:18","date_gmt":"2026-01-16T10:36:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93218"},"modified":"2026-01-16T14:16:40","modified_gmt":"2026-01-16T11:16:40","slug":"glassnode-reports-a-doubling-in-new-ethereum-users","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-reports-a-doubling-in-new-ethereum-users\/","title":{"rendered":"Glassnode Records Doubling of New Ethereum User Growth"},"content":{"rendered":"<p>Glassnode researchers observed a doubling in Ethereum\u2019s activity-retention metric.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ethereum\u2019s Month-over-Month Activity Retention shows a sharp spike in the \u201cNew\u201d cohort, indicating a surge in first-time interacting addresses over the past 30 days.<br \/>This reflects a notable influx of new wallets engaging with the Ethereum network, rather than activity being\u2026 <a href=\"https:\/\/t.co\/h8Zw7hXOSX\">pic.twitter.com\/h8Zw7hXOSX<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2011836691179278556?ref_src=twsrc%5Etfw\">January 15, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts linked the shift to a substantial influx of new users rather than the actions of long-time market participants. The number of addresses that interacted with the blockchain for the first time over the past 30 days jumped from 4 million to 8 million.<\/p>\n<p>The retention metric separates regular users from one-off transactors. The current rise suggests newcomers continue using the network after their first transaction.<\/p>\n<h2 class=\"wp-block-heading\">On-chain activity<\/h2>\n<p>User activity on Ethereum is hitting records. According to <a href=\"https:\/\/etherscan.io\/chart\/active-address\">Etherscan<\/a>, on January 15 the number of active addresses in the network crossed 1 million\u2014more than double last year\u2019s 410,000.<\/p>\n<p>A new peak in daily transactions\u20142.8 million\u2014was recorded. The year-on-year increase is 125%. Milk Road analysts <a href=\"https:\/\/x.com\/MilkRoad\/status\/2011809483409014813\">explained<\/a> the trend by lower transaction costs, which spurred the use of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"939\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8c7e625204ecf37e-3768144412432949-1024x939.png\" alt=\"active-ethereum-addresse\" class=\"wp-image-273465\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8c7e625204ecf37e-3768144412432949-1024x939.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8c7e625204ecf37e-3768144412432949-300x275.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8c7e625204ecf37e-3768144412432949-768x704.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8c7e625204ecf37e-3768144412432949.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trend in active Ethereum addresses. Source: Etherscan.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is the result of shifting execution to layer-two (<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a>) solutions while preserving settlement security on the base layer (L1). This is what scalable financial infrastructure looks like,\u201d the experts stressed.<\/p>\n<\/blockquote>\n<p>The chart below shows record stablecoin usage on Ethereum amid extremely low transaction fees:<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a613a0dce2a4a98f-3768202090802052.webp\" alt=\"Stablecoin_use\" class=\"wp-image-273466\"\/><figcaption class=\"wp-element-caption\">Turnover of Ethereum stablecoins and transaction-fee dynamics. Source: Token Terminal, Milk Road.<\/figcaption><\/figure>\n<p>Swapping tokens on the network costs $0.04; a cross-chain transfer, $0.01. A transaction on a DeFi lending service costs $0.03.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"413\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-77f016cc9631d1b5-3768241501875477-1024x413.png\" alt=\"gastracker\" class=\"wp-image-273467\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-77f016cc9631d1b5-3768241501875477-1024x413.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-77f016cc9631d1b5-3768241501875477-300x121.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-77f016cc9631d1b5-3768241501875477-768x310.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-77f016cc9631d1b5-3768241501875477.png 1176w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Average cost of standard operations on the Ethereum network. Source: <a href=\"https:\/\/etherscan.io\/gastracker\">Etherscan<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Reasons for optimism<\/h2>\n<p>Many analysts note improving market sentiment and positive signals across technical and fundamental analysis.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cShort-term indicators have exited oversold territory and point to upside potential. The drivers are inflows into <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>, stablecoins and native protocols,\u201d \u2014 <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-network-activity-doubles-with-massive-influx-of-first-time-users-glassnode\">said<\/a> Arctic Digital researcher Justin d\u2019Anethan in a comment to Cointelegraph.<\/p>\n<\/blockquote>\n<p>On-chain, daily transactions exceeded 2.5 million, and the amount of coins in <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> is <a href=\"https:\/\/cryptoquant.com\/asset\/eth\/chart\/eth2\/total-value-staked?window=DAY&#038;sma=0&#038;ema=0&#038;priceScale=log&#038;metricScale=linear&#038;chartStyle=line\">about 36 million ETH<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"939\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-bfa05b634852bd7c-3768298484233941-1024x939.png\" alt=\"ethereum-daily-transacti\" class=\"wp-image-273468\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-bfa05b634852bd7c-3768298484233941-1024x939.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-bfa05b634852bd7c-3768298484233941-300x275.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-bfa05b634852bd7c-3768298484233941-768x704.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-bfa05b634852bd7c-3768298484233941.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily transaction volume trend. Source: <a href=\"https:\/\/etherscan.io\/chart\/tx\">Etherscan<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cStrong on-chain metrics, steady inflows into <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> and optimism among ecosystem participants are creating the conditions to break through current resistance levels,\u201d said LVRG Research director Nik Rak.<\/p>\n<\/blockquote>\n<p>In his view, the asset\u2019s position is strengthened by a liquidity shortage driven by high institutional demand. Additional support comes from <a href=\"https:\/\/forklog.com\/en\/news\/fusaka-hard-fork-goes-live-on-ethereum-mainnet\">upgrades<\/a> that increase the network\u2019s scalability and lower fees.<\/p>\n<p>MN Fund founder Micha\u00ebl van de Poppe also remains upbeat, noting the potential for gains:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There&#8217;s a lot of compression taking place with <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> and that&#8217;s likely to break out in the coming week.<\/p>\n<p>That&#8217;s a great sign for the markets, as <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> holding above the 21-Day MA against Bitcoin would signal that there&#8217;s more risk appetite flowing towards the <a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoin<\/a> markets. <a href=\"https:\/\/t.co\/yTYwm5KCRQ\">pic.twitter.com\/yTYwm5KCRQ<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2011754358149669132?ref_src=twsrc%5Etfw\">January 15, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere is a lot of compression taking place in Ethereum; a breakout is likely next week,\u201d the technical analyst wrote.<\/p>\n<\/blockquote>\n<p>At the time of writing, ether trades around $3300. Over the past seven days the asset has risen 6.1%, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/p>\n<p>Earlier in 2026, the share of ETH locked in staking <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-staking-reaches-record-30-of-supply\">reached a record 30%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glassnode researchers observed a doubling in Ethereum\u2019s activity-retention metric.<\/p>\n","protected":false},"author":1,"featured_media":93219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Glassnode reports a surge in new Ethereum users, with activity retention doubling.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1273,1145,1268],"class_list":["post-93218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-glassnode","tag-market-analysis","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"215","promo_type":"1","layout_type":"1","short_excerpt":"Glassnode reports a surge in new Ethereum users, with activity retention doubling.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93218"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93218\/revisions"}],"predecessor-version":[{"id":93221,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93218\/revisions\/93221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93219"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}