Coinspeaker
Jan 16, 2026
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Ethereum User Retention Doubles, Daily Transactions Hit Record 2.8M

Recent data indicates a significant increase in Ethereum's user retention and activity:

  • Ethereum added approximately 4 million new active addresses in the past month, totaling 8 million.
  • This growth is not driven by airdrop farming but by a surge in first-time interacting addresses.
  • Active addresses jumped from ~410,000 to over 1 million year-over-year.
  • Daily transactions reached 2.8 million, a 125% year-over-year increase.

Network Efficiency and Upgrades

  • The volume increase aligns with lower average fees, showing effective offloading to Layer-2 solutions like Arbitrum and Optimism.
  • The recent Fusaka upgrade expanded block sizes by 33%, enhancing network capacity.

Market Implications

  • Confidence in Ethereum is rising, with capital inflows into ETFs, stablecoins, and protocols.
  • Staking locks over 50% of Ether's total supply, yet some market observers question its value model amidst macroeconomic factors.

Investor Insights

  • High user retention, especially in a low-fee environment, indicates genuine user engagement rather than bot activity.
  • If sustained, this trend could lead to revaluation of ETH models, prioritizing "network utility" over "deflationary supply."