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Ethereum attracts a large number of new users, with first-time interaction addresses significantly increasing
According to CoinDesk, Ethereum's activity has significantly increased over the past month, mainly driven by new addresses interacting for the first time, rather than existing users becoming more active. 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, increased on-chain activity often reflected the same group of users transferring funds more frequently, but the growth of new wallets indicates that Ethereum itself is becoming more attractive, covering DeFi, stablecoin transfers, NFTs, and new applications.