Data: Ethereum attracts a large number of new users, with a significant increase in the number of addresses making initial interactions.

According to CoinDesk, Ethereum activity has surged significantly over the past month, primarily driven by initial interactions from new addresses rather than increased activity from existing users. Monthly user tracking data shows a marked increase in new users, with these wallets interacting on the blockchain for the first time. This growth differs from previous increases, which often reflected more frequent fund transfers by the same group of users. The increase in new wallets indicates a growing appeal of Ethereum itself, encompassing DeFi, stablecoin transfers, NFTs, and new applications.