Ethereum sees a significant surge in new user activity, with first-time wallet interactions doubling over the past month.
Recent research from Glassnode indicates a remarkable increase in new users engaging with the Ethereum network, with the number of first-time interacting addresses doubling from 4 million to 8 million within the last month.
This sharp rise in the “New” cohort is a strong signal of increased activity retention, suggesting that newcomers are continuing to use the network after their initial interactions.
— glassnode (@glassnode) January 15, 2026
As of January 15, the total number of addresses on Ethereum surpassed 1 million, a significant jump from last year’s figure of 410,000. In addition, daily transactions reached a new high of 2.8 million, marking a 125% increase from the previous year, attributed largely to lower transaction fees that have encouraged stablecoin usage.
Transaction costs on the Ethereum network are currently very low, with token swaps averaging $0.04 and cross-chain transfers costing only $0.01, making the platform increasingly attractive for new users.
Positive Market Sentiment
Analysts are expressing optimism regarding Ethereum's market outlook, citing improved sentiment and positive technical indicators. Justin d’Anethan from Arctic Digital noted that short-term indicators suggest potential price growth driven by capital inflows into ETFs and stablecoins.
“Strong on-chain metrics and a steady inflow of funds create conditions for breaking through current resistance levels,” stated Nick Rak from LVRG Research.
Daily transactions have consistently exceeded 2.5 million, and approximately 36 million ETH is currently staked. The ongoing demand from institutions is contributing to a liquidity shortage, further bolstering Ethereum’s market position.
Michaël van de Poppe, founder of MN Fund, also notes that a breakout is likely on the horizon as Ethereum shows signs of compression, indicating a possible upward trend in the near future.
“There is significant compression happening in Ethereum, and a breakout is likely next week,” he remarked.
Currently, Ether is trading around $3,300, having risen 6.1% over the past week, and the percentage of ETH locked in staking reached a record 30% at the start of 2026.
