Well now, if the Mississippi had a crypto ledger, it’d be drying its clothes on the bank of Ethereum. The Month-over-Month Activity Retention has nearly doubled in the last 30 days, and the crowd sticks to it like gum to a boot sole.
Glassnode’s ledger tells a fisherman’s tale: about 4 million fresh active addresses joined this month, bringing the monthly tally to roughly 8 million. Not a drought of airdrops, mind you, but a genuine doubling of the staying power among the “New” folks.
Ethereum’s Month-over-Month Activity Retention shows a sharp spike in the “New” cohort, indicating a surge in first-time interacting addresses over the past 30 days. This reflects a notable influx of new wallets engaging with the Ethereum network, rather than activity being…
– glassnode (@glassnode) January 15, 2026
ETH sits at about $3,299 with 24-hour volatility of 1.8% and a market cap near $398.24B. 24-hour trading volume runs around $24.42B, while the price hovers near $3,310-down a touch from its recent high. All in all, the ledger-tip looks pretty spirited, and I’ve heard a rumor of ripple effects, emojis included. 🚢💹
The Data: Stickiness over Speculation
The wise men of the on-chain world lay out the essentials, plain as a dry boot in a river bend:
- Active addresses surged from about 410,000 to over 1 million year-over-year (Etherscan).
- Daily throughput hit a record 2.8 million transactions, a 125% YoY jump.
Glassnode puts it plainly: “Ethereum’s Month-over-Month Activity Retention shows a sharp spike in the ‘New’ cohort, indicating a surge in first-time interacting addresses over the past 30 days.”
Execution vs. Settlement
The volume spike is as curious as a catfish in a church fish fry: high activity with lower average fees. It looks like the roadmap is working. The Mainnet is offloading the grand fiddle of execution to Layer-2s (Arbitrum, Base, Optimism) while keeping the tune of final settlement and stablecoin transfers in the ledger’s pocket.
The 2.8 million daily transactions reflect capacity gains from the Fusaka upgrade, which enlarged block sizes by roughly a third.
Faith in Ethereum is warming, with signs of price strength driven by ETF inflows, stablecoins, and various crypto protocols. Staking now locks over 50% of Ether’s total supply. Some observers note a gap between the bright on-chain metrics and price action, hinting at a few headwinds on the macro horizon.
The Institutional Take
For desk jockeys, the “New Address” count can be a vanity metric muddled by Sybils. The real gold is this retention doubling-an indication those are real users sticking around, not mere bots fluttering in the wind. If this cohort keeps up the activity through Q1, it may tilt ETH’s valuation models toward “network utility” rather than just “deflationary talk,” especially as L2 revenue settles into a steadier groove.
Read More
- US Crypto Regulators Finally Decide What They Actually Mean – Time to Buy?
- Gold Rate Forecast
- USD CNY PREDICTION
- USD VND PREDICTION
- Brent Oil Forecast
- EUR USD PREDICTION
- Silver Rate Forecast
- BNB PREDICTION. BNB cryptocurrency
- GBP MYR PREDICTION
- IP PREDICTION. IP cryptocurrency
2026-01-16 14:53