Ethereum Network Activity Surges as New Addresses Double to 8 Million Monthly
Major cryptocurrency Ethereum is experiencing a significant surge in network activity, with new addresses doubling to 8 million on a monthly basis. This development comes as the crypto market is poised for a sustained price recovery following major losses in the last quarter of 2025. Ethereum itself is trading around the $3.3k valuation, up 10% on a monthly basis.
According to crypto analytics firm Glassnode, the spike in network activity is being driven by new addresses, not just existing players. Monthly activity retention is a crucial metric used to measure the activity of any blockchain network, indicating how many users stick around and continue their interactions rather than limiting their engagement to a short-term setup. Image Source: X
Ethereum Daily Active Addresses and Daily Transactions on the Rise
The number of daily active Ethereum addresses has recorded a sharp spike, exceeding 1 million, which is the highest level since September 2023, and twice what it was a year ago. 
Image Source: Etherscan
Daily transactions have also jumped to 2.8 million, a new all-time high. This significant increase in active users on the Ethereum blockchain and active addresses indicates that the network’s on-chain functionality is gaining momentum. The situation is reportedly being fueled by massive stablecoin payments and falling network fees.
Ethereum Price Resurgent but Lagging Behind On-Chain Performance
Despite Ethereum’s strong on-chain performance in the last month, the market forces are struggling to convert this favorable situation into a bull market. The second-largest cryptocurrency by market capitalization is trading sideways around the $3.3k valuation, up roughly 20% on a monthly basis. 
Image Source: TradingView
Ethereum is still looking to the market for a major bull signal rather than taking the initiative itself. This is different from previous cycles in 2016-2017 and 2020-2021, where it set the trend for an eventual altcoin boom. ETH bulls this time around are quite laid back and lacking the will for major upside action, even with record-breaking on-chain figures.
