Data: Ethereum attracts a large number of new users, with a significant increase in first-time interaction addresses

According to CoinDesk, Ethereum's activity has significantly increased over the past month, primarily driven by new addresses interacting for the first time, rather than existing users increasing their activity. Monthly user tracking data shows a noticeable surge in new user groups, with these wallets interacting on the blockchain for the first time.

This growth is different from the past; previously, increases in on-chain activity often reflected the same group of users transferring funds more frequently. However, the growth in new wallets indicates an increased appeal of Ethereum itself, encompassing DeFi, stablecoin transfers, NFTs, and new applications.