NewsBTC
Jan 16, 2026
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Ethereum Sees Doubling of New Users and Record Daily Transactions

Ethereum On-Chain Activity Surge

  • Ethereum's on-chain activity has significantly increased, with new user addresses doubling to around 8 million.
  • Daily transactions peaked at 2.8 million, a 125% increase from the previous year.
  • Active addresses multiplied from 410,000 to over 1 million by January 15.

Transaction Growth and Layer 2 Impact

  • Growth attributed to stablecoin activity and lower fees.
  • Layer 2 networks are being used for execution, while Ethereum's main chain handles settlement.
  • Staking has increased to nearly 36 million ETH, affecting supply dynamics.
  • Despite strong US equity markets, Ethereum investment remains selective.

Market Sentiment and Price Movement

  • Ether traded near two-month high of $3,400, later stabilizing around $3,300.
  • Analysts note stronger metrics but caution against technical hurdles and overhead supply.
  • Traders operate within a range, waiting for Ethereum to break key resistance levels like the 200-day EMA.

Implications for Traders and Investors

  • Network health shows improvement with more users, transactions, and staking.
  • Cautious optimism is advised; traders might capitalize on range trading.
  • Investors should seek clearer technical confirmation before committing to a rally.